KUALA LUMPUR: Tenaga Nasional and Hong Leong Bank underpinned the FBM KLCI’s early rebound on Thursday while key Asian markets were mixed.
At 9.34am, the KLCI was up 6.79 points or 0.45% to 1, 519.11. Turnover was 789.78 million shares valued at RM400mil. There were 294 gainers, 226 losers and 351 counters unchanged.
Bloomberg reported Asian stocks were mixed early Thursday as traders await China growth data and digest Federal Reserve Chair Jerome Powell’s signal that more US economic progress is needed before stimulus can be pared back.
Japanese shares slipped but Australia and South Korea edged up. U.S. contracts fluctuated after modest S&P 500 and Nasdaq 100 gains on Powell’s reassurance over accommodative policy and reiteration that high inflation will likely moderate. Treasury yields and the dollar held retreats.
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