KUALA LUMPUR: Sustained buying of Top Glove and Hartalega
powered the FBM KLCI past the key 1,600 level in early Monday trade, tracking the bounce in key Asian markets.
At 9.27am, the KLCI was up 8.78 points or 0.55% to 1,600.62. Turnover was 1.79 billion shares valued at RM871.61mil. There were 395 gainers, 247 losers and 367 counters unchanged.
Asian shares got off to a firm start as investors wagered US earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns, Reuters reported.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15%, having climbed sharply to a five-month peak last week on the back of surging China stocks.
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