KLCI climbs in early trade amid mixed broader market

TheStar Wed, Mar 03, 2021 09:32am - 3 years View Original


KUALA LUMPUR: Blue chips edged higher in early Wednesday trade, underpinned by gains in PPB Group and Tenaga Nasional but buying interest was still limited.

At 9.14am, the KLCI was up 5.23 points or 0.33% to 1,575.10. Turnover was 1.18 billion shares valued at RM501.07mil. The broader market was mixed with 307 gainers, 279 losers and 354 counters unchanged.

Overnight on Wall Street, stocks retreated and investors took stock of gains from Monday's surge, pausing to gauge whether a bond yield jump had run its course.

The Dow Jones Industrial Average fell 143.99 points, or 0.46%, to 31,391.52, the S&P 500 lost 31.53 points, or 0.81%, to 3,870.29 and the Nasdaq Composite dropped 230.04 points, or 1.69%, to 13,358.79.

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