Hartalega, Top Glove underpin KLCI’s advance at start of 3Q

TheStar Wed, Jul 01, 2020 09:22am - 3 years View Original


KUALA LUMPUR: Bursa Malaysia started the third quarter on Wednesday on a firmer footing, underpinned by gains in glove makers which enabled the FBM KLCI to chalk up slight gains.

At 9.14am, the KLCI was up 4.4 points or 0.29% to 1,505.37. Turnover was 643.80 million shares valued at RM209.94mil. There were 307 gainers, 139 losers and 261 counters unchanged.

Bloomberg reported Asian stocks started a new quarter in a muted fashion, as investors assessed mixed data on the global economy amid concern over the spread of the Covid-19 and US-China tensions.

Shares were little changed in Japan, with sentiment capped as confidence among large manufacturers in the country fell to the lowest since 2009. Stocks ticked higher in Australia, while South Korea saw a bigger advance.

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