FBM KLCI bucks regional weak point to cross 1,600


KUALA LUMPUR: The FBM KLCI ended the morning session in optimistic territory as traders picked up bargains following latest declines.

At 12.30pm, the benchmark index was up 5.06 factors to 1,601.85 whereas the market took on a optimistic market breadth of 510 gainers in comparison with 391 decliners.

IHH Healthcare led the advance with a ten sen soar to RM6.35 whereas etronas Chemical compounds gained 9 sen to RM9.94.

Financial institution counter had been additionally greater with Hong leong Financial institution rising 14 sen to RM20.24, Maybank including three sen to RM8.89, CIMB climbing seven sen to RM5.34 and Public Financial institution placing on one sne ot RMRM4.71.

Kuala Lumpur Kepong in the meantime led plantations greater with a 58 sen improve to RM26.58 whereas Sime Darby Plantation rose 11 sen to RM5.24.

On the actives record, DneX was flat at RM1.11, Vizione rose 0.5 sen to 6 sen and Technax added 0.5 sen to 9 sen.

The home market was seen, as soon as once more, at odds with main regional markets.

Most Asian benchmarks had been decrease after the US Federal Reserve raised the potential for extra aggressive financial tightening whereas the brand new Western sanctions in opposition to Russia add to the uncertainty.

Japan’s Nikkei slumped 1.7%, South Korea’s Kospi fell 0.9% and China’s composite index slide 0.2%.

Hong Kong’s Cling Seng in the meantime fell 1.4% and Australia’s ASX200 dropped 0.5%.

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