KUALA LUMPUR: Bursa Malaysia rose in early Thursday trade with Petronas Dagangan and Public Bank underpinning the FBM KLCI’s advance as investors took heart from the stronger overnight close on Wall Street.
At 9.18am, the FBM KLCI was up 7.56 points or 0.51% to 1,497.12. Turnover was 996.69 million shares valued at RM349.16mil. Advancers bet decliners more than two to one or 319 gainers to 154 losers while 306 stocks were unchanged.
Bloomberg reported Asian stocks followed their US peers higher as investors mulled encouraging signs for Joe Biden in the presidential election race and what it could mean for stimulus. Treasuries steadied after yields pushed higher, while the dollar slipped.
Shares climbed in Australia and South Korea, though were little changed in Japan. US equity futures edged up following the S&P 500’s 1.7% overnight advance.
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