PetDag, HL Bank, KLK lead KLCI higher in early trade

TheStar Mon, May 10, 2021 09:57am - 2 years View Original


KUALA LUMPUR: Blue chips edged up slightly in early Monday trade, with Petronas Dagangan, Hong Leong Bank and KL Kepong among the top gainers.

At 9.39am, the FBM KLCI was up 1.41 points or 0.09% to 1,588.86. Turnover was 1.23 billion shares valued at RM691.52mil. There were 313 gainers, 388 losers and 381 counters unchanged.

On the external front, stocks rose on Monday amid speculation that interest rates will remain low due to receding inflationary pressure, while oil and gas prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets, Reuters reported.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.35%, while US stock futures rose 0.24%.

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