KUALA LUMPUR: Blue chips rose in early Thursday trade as risk appetite perked up with Petronas Dagangan, KL Kepong and HLFG underpinning the FBM KLCI’s advance.
At 9.14am, the FBM KLCI was up 3.3 points or 0.22% to 1,519.82. Turnover was 560.02 million shares valued at RM253.68mil. The broader market was firmer with two advancers to one decliner or 296 gainers to 143 losers and 285 counters unchanged.
Bloomberg reported Asian stocks climbed early Thursday after solid company earnings boosted Wall Street, easing concerns about peak economic growth and coronavirus flareups. The dollar held a decline.
Shares rose in Australia and South Korea, while Japan is shut for a holiday. U.S. futures edged up after the S&P 500’s biggest back-to-back advance in two months, led by cyclical stocks like energy and financials.
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