KLCI rebounds after early jitters to end midday session higher

TheStar Mon, Jun 27, 2022 12:41pm - 1 year View Original


KUALA LUMPUR: The FBM KLCI ended the morning trading session higher due to buying interest in selected heavyweights, amidst stronger regional performance.

At 12.30pm, the FBM KLCI added 1.43 points, or 0.1% to 1,483.13, with 17 of the component stocks ending higher.

Rakuten Trade Sdn Bhd said despite facing with numerous headwinds, Wall Street staged a relief rally last Friday as all three major indices closed broadly higher.

“On the back of the strong performance on Wall Street, we reckon regional markets to ride on the uptrend hence expect to see the local bourse to improve today.

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