KLCI ekes out slight gains but Tenaga drags

TheStar Wed, Jan 29, 2020 09:34am - 4 years View Original


KUALA LUMPUR: The FBM KLCI eked out slight gains early Wednesday, as investors took comfort from the firmer Wall Street close, but selling on Tenaga Nasional weighed on the index.

At 9.22am, the KLCI was up 1.49 points or 0.1% to 1,553.13. There were 264 gainers, 193 losers and 206 counters unchanged.

Reuters reported Asian shares rose as better-than-expected Apple Inc earnings drove some regional tech gains although broader confidence was capped by worries about the economic impact of China's virus outbreak.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, ending four days of losses. Australian shares rose 0.41%, while Japan's Nikkei stock index rose 0.27%.

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