Equities get enhance from robust begin to US company earnings season

KUALA LUMPUR: The home market picked up on Wall Road’s robust efficiency in a single day as US company earnings helped to shore up equities costs after a latest decline.

At 9.05am, the FBM KLCI was up 4.39 factors to 1,601.57. The general market was constructive because the variety of gainers dwarfed decliners 208 to 67.

OVernight, Wall Road rebounded with the Dow Jones recovering all of its earlier session’s losses forward of the Good Friday public vacation.

Embattled know-how shares have been seen rebounding with the beginning of the 1Q22 earnings season, lifting the tech-heavy Nasdaq by over 2%.

On the Malaysian bourse, Petronas Chemical substances rose 12 sen to RM10.38, Sime Darby Plantation gained 10 sen to RM5.40 and Press Steel gained one sen to RM6.47.

Financial institution shares stayed impartial to damaging with Maybank and Public Financial institution reamining unchanged whereas CIMB shed 10 sen to RM5.18.

MISC In the meantime rose 5 sen to RM7.70.

Within the tech sector, shares rose on the again of the Nasdaq’s robust advance. MPI gained 62 sne to RM33.16 and Vitrox climved 9 sen to RM7.78.

Prime actives have been TWL unchanged at 8.5 sen, SCIB up three sen to 25.5 sen and China Ouhua Vineyard flat at 8.5 sen.


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