KUALA LUMPUR: Glove makers regained their footing early Friday after the recent bout of profit taking while Maybank and Public Bank weighed on the FBM KLCI.
At 9.41am, the KLCI was down 0.74 points or 0.05% to 1,634.97. Turnover was 1.19 billion shares valued at RM733.92mil. There were 359 gainers, 329 losers and 372 counters unchanged.
Asian shares rose on Friday, brushing off a late Wall Street dip as expectations of large US stimulus under President-elect Joe Biden shored up sentiment while oil prices perked up on upbeat Chinese trade figures, Reuters reported.
However, the proposed US$1.9 trillion coronavirus relief stimulus package may prove a double-edged sword for investors, sustaining optimism for further economic revival while raising worries over how the United States will pay for it all.
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