KUALA LUMPUR: Public Bank and Tenaga Nasional underpinned Bursa Malaysia’s strong start for the week on Monday, tracking the firmer key Asian markets, as progress on the Covid-19 vaccine boosted sentiment.
At 9.21am, the FBM KLCI was up 10.52 points or 0.62% to 1,695.10. Turnover was 1.38 billion shares valued at RM801.60mil. There were 447 gainers, 412 losers and 378 counters unchanged.
On the external front, Reuters reported stocks started a busy week with guarded gains as investors gauged the chance of added US fiscal and monetary stimulus.
Progress on coronavirus vaccines cheered risk sentiment, with the first shipments speeding across the United States as part of an historic mission to innoculate more than 100 million people by the end of March.
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