KLCI crosses key 1,500 hurdle

TheStar Wed, Aug 11, 2021 09:30am - 2 years View Original


KUALA LUMPUR: Bursa Malaysia started Wednesday on a firmer note, with semicon and tech-related stocks among the gainers, while Press Metal and KL Kepong underpinned the FBM KLCI’s advance past the crucial 1,500 level.

At 9.17am, the KLCI was up 6.05 points or 0.4% to 1,502.78. Turnover was 508.40 million shares valued at RM243.05mil. There were 323 gainers, 209 losers and 320 counters unchanged.

Bloomberg reported Asian stocks saw modest gains Wednesday, following their US peers higher as investors assessed the ability of the economy to sustain less stimulus and rising virus outbreaks. Treasuries dipped and the dollar was steady.

The Senate passed a $550 billion infrastructure plan that represents the biggest burst of spending on US public works in decades

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