KUALA LUMPUR: Semiconductor and tech-related stocks led the stock higher in early Thursday trade after the broad selloff the previous day as investors sentiment perked up on the firmer overnight Wall Street close.
At 9.32am, the KLCI was up 14.04 points or 0.9% to 1,571.59. Turnover was 2.01 billion shares valued at RM816.95mil. The broader market was firmer after the selldown on Wednesday as there were 560 gainers to 221 losers and 366 counters unchanged.
At Bursa on Wednesday, the KLCI continued to be hampered by the selling on glove stocks rendering the prevailing market undertone rather weak,
Rakuten Trade said nonetheless, buyers should emerge to buy on weakness as the KLCI had declined by almost 2% week on week basis thus.
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