KUALA LUMPUR: Bursa Malaysia held on its gains at the midday break amid a firmer broader market as glove makers and Petronas Chemicals helped underpin the FBM KLCI’s gains.
At 12.30pm, the FBM KLCI was up 6.77 points or 0.45% to 1,521.20. Turnover was 3.17 billion shares valued at RM2.11bil. Advancers led decliners 514 to 350 while 418 counters were unchanged.
Bloomberg reported Asian stocks climbed after positive vaccine developments and US data tempered concern over a jump in Covid-19 coronavirus cases. Treasuries and the dollar held losses.
Hong Kong shares outperformed after returning from a holiday, despite the recent tensions over China’s new national security law over the city. Stocks in Australia, China, Japan and South Korea also rose.
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