KUALA LUMPUR: Public Bank gave the FBM KLCI a big boost early Wednesday after its bonus plan while key Asian markets rose to fresh records, tracking the firm overnight close on Wall Street.
At 10am, the KLCI was up 16.83 points or 1.03% to 1,648.53. Turnover was 3.38 billion shares valued at RM1.65bil. There were 423 gainers, 534 losers and 377 counters unchanged.
Bloomberg reported Asian equities climbed after a fresh record for their U.S. counterparts, as hopes for a stimulus deal tempered concern about a surge in coronavirus cases.
Hong Kong’s Hang Seng index rose 0.8%, Japan’s Topix index climbed 0.6%, South Korea’s Kospi index rose 0.9%, Shanghai Composite gained 0.2% and Euro Stoxx 50 futures rose 0.3%.
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