Bursa advances, tracks firmer Asian markets

TheStar Mon, Nov 16, 2020 09:56am - 3 years View Original


KUALA LUMPUR: Bursa Malaysia advanced in early Monday trade, in line with the firmer key Asian markets, supported by gains in Petronas Dagangan, Public Bank, MISC and Genting Bhd.

At 9.43am, the FBM KLCI was up 3.7 points or 0.23% to 1,593.39. Turnover was 3.32 billion shares valued at RM995.25bil. There were 520 gainers, 354 losers and 381 counters unchanged.

Bloomberg reported Asian stocks climbed with US futures amid positive sentiment on trade in the region and after a US national lockdown was ruled out. The dollar retreated.

The Asian benchmark was on track for a record close as shares rose across the region with Japan and South Korea outperforming. Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free-trade agreement.

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