KUALA LUMPUR: Public Bank and Hong Leong Bank underpinned the FBM KLCI’s early advance as foreign funds continued to be net buyers on Bursa.
At 9.25am, the KLCI was up 7.31 points or 0.45% to 1,644. Turnover was 843.45 million shares valued at RM529.02mil. Advancers beat decliners 392 to 284 and 330 counters unchanged.
Asian equities made early trading gains after a mixed session Wall Street buoyed by expectations of a US stimulus package even as political events in Washington culminated in the impeachment of President Donald Trump, Reuters reported.
Oil prices fell as the threat of lower demand due to rising global Covid-19 cases outweighed support from a greater-than-anticipated drop in US crude inventories.
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