KUALA LUMPUR: Glove makers made firm strides in early Monday trade as the Covid-19 infections continued to rise with Hartalega
, which is expected to announce its results soon, was the top gainer.
At 9.22am, the KLCI had eked out a gain of 0.51 point or a mere 0.03% to 1,597.25. Turnover was 986.85 million shares valued at RM649.26mil. Decliners beat advancers more than three to one with 625 losers to 191 gainers and 293 counters unchanged.
Asian stocks saw a muted start to trading as investors evaluated the worsening pandemic and prospects for stimulus and looked ahead to this week’s Federal Reserve policy meeting. The dollar held Friday’s gains, Bloomberg reported.
Stocks fluctuated in Japan and edged up in South Korea and Australia. S&P 500 contracts ticked higher after the benchmark slipped Friday for the first day in four amid concern that a new coronavirus strain may be deadlier than earlier variants.
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