KUALA LUMPUR: Blue chips eked out slight gains in early Thursday with KL Kepong underpinning the FBM KLCI’s advance while the broader market was mixed.
The record number of Covid-19 cases and concerns about a lockdown in Selangor and the economic impact saw most investors staying cautious. However, glove makers fell on concerns their supernormal profits could not be sustained.
At 9.48am, the FBM KLCI rose 0.35 point or 0.02% to 1,580.87. Turnover was 1.22 billion shares valued at RM720.88mil. There were 356 gainers, 328 losers and 377 counters unchanged.
Asian stocks were steady Thursday and Treasury yields held an advance after Federal Reserve minutes flagged the possibility of a debate on scaling back asset purchases. Commodities extended declines, Bloomberg reported.
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