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Returning investor interest in glove stocks amid the Covid-19 pandemic enabled the FBM KLCI recoup more than half of the previous day’s losses.
KUALA LUMPUR: The FBM KLCI returned to the 1,600-point level, extending its decline for a second day after glove stocks failed to hold on to gains made earlier in the week.
KUALA LUMPUR: Malaysian semiconductor counters picked up in early morning trade following the sector's positive performance on Wall Street last week amid growing optimism over a sustained rebound.
There are many examples of economies that have managed to break through the middle-income trap which Malaysia can emulate, experts said.
The FBM KLCI started Friday on a weak note, weighed down by losses in MISC and Petronas-linked stocks though the broader market was slightly firmer.
KUALA LUMPUR: CIMB and Maybank helped lift the FBM KLCI at midday on Monday while crude palm oil continued to climb higher and the ringgit firmed up against the US dollar.