KLCI slightly higher at noon amid lack of leads

TheStar Wed, Apr 07, 2021 12:51pm - 2 years View Original


KUALA LUMPUR: The FBM KLCI erased some earlier gains to enter midday just slightly higher than the 1,580 support.

At 12.30pm, the key index was up 2.83 points to 1,581.74 amid some caution as investors looked towards the upcoming earnings season for more evidence of a global economic recovery.

Nevertheless, the domestic market looks set to continue its sideways trading given the current lack of leads.

In Asia, Japan's Nikkei rose 0.2% although China's stocks fell on profit-taking from the previous week's strong rally.

The mainland composite index was down 0.5% and Hong Kong's Hang Seng dropped 0.65%

South Korea's Kospi rose 0.1% while Australia's ASX200 climbed 0.5%.

Back home, among stocks leading the rebound, Sime Darby Plantation rose 11 sen to RM4.60, MISC added five sen to RM6.91 and Public Bank gained one sen to RM4.21.

Berjaya Corp was once more the most actively traded counters, jumping 3.5 sen to 44 sen.

Dagang Nexchange was runner-up, adding five sen to 85.5 sen and Macpie lost 0.5 sen to 10 sen.

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