KUALA LUMPUR: Hong Leong Bank and Petronas Chemicals underpinned the FBM KLCI’s mild rebound early Thursday amid the volatile political landscape but the index continued to remain below the new normal of 1,500.
At 9.10am, the FBM KLCI was up 3.98 points or 0.27% to 1,495.31. Turnover was 276.79 million shares valued at RM126.62mil. There were 198 gainers, 152 losers and 292 counters unchanged.
Bloomberg reported Asian stocks were steady early Thursday after US shares dipped amid mixed economic data and comments from a Federal Reserve official that the central bank is on course to taper stimulus support.
Equities edged up in South Korea and Japan and were little changed in Australia. US contracts climbed. The S&P 500 fell from a record overnight, led lower by energy shares, while the technology sector proved more resilient.
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