KUALA LUMPUR: Small capitalised stocks were among the top gainers early Tuesday, especially those with small issued shares, in the absence of significant catalysts while the FBM KLCI held steady.
At 9.31am, the KLCI was up 0.64 of a point or 0.04% to 1,608.71. Turnover was 1.84 billion shares valued at RM834.13mil. The broader market was mixed with 360 gainers, 378 losers and 384 counters unchanged.
Reuters reported global shares held firm on Tuesday, with a solid foundation in place to extend their bull run to a 12th consecutive session as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets.
Oil prices soared to a 13-month high as a deep freeze due to a severe snow storm in the United States not only boosted power demand but also threatened oil production in Texas.
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