FBM KLCI stays positive as Asia shrugs off Wall St weakness

TheStar Wed, May 25, 2022 12:52pm - 1 year View Original


KUALA LUMPUR: The FBM KLCI remained positive at midday following the release of the country's inflation data, which came within analyst expectations.

At 12.30pm, the key index was up 3.06 points to 1,534.36. The overall market was negative with 492 decliners compared with 271 gainers.

Consumer and plantations stocks were seen leading the market higher after the Department of Statistics revealed that food prices had led the country's consumer price index 2.3% higher in April.

Nestle rose 90 sen to RM134.20, Carlsberg gained 44 sen to RM22.54, Dutch Lady added 30 sen to RM33.90.

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