KLCI jumps 12.07 factors to over 2-week excessive

KUALA LUMPUR: The FBM KLCI closed at their highest in over two weeks on Wednesday, as traders’ danger urge for food improved

At 5pm, the 30-stocks index rose 12.07 factors, or 0.76% to 1,597.88, its highest since March 4. The index moved between 1,601.83 and 1,588.78 all through the day.

Market breadth turned optimistic as gainers trounced decliners on a ratio of 701-to-323 shares. Buying and selling quantity was brisk at 3.54 billion shares valued at RM2.63bil.

Sellers mentioned the efficiency of the native bourse was in keeping with its regional friends as markets tracked a rally in world equities.

Japan’s Nikkei 225 closed up 3% to twenty-eight,040.16 whereas South Korea’s added 0.92% to 2,735.05.

Hong Kong’s Grasp Seng superior 1.21% to 22,154.08.

China’s Shanghai Composite index was up 0.3% at 3,271.03 whereas CSI300 index gained 0.5% to 4,276.52.

On Bursa Malaysia, Malaysian Pacific Industries surged RM1.90 to RM38. Petronas Dagangan added 46 sen to RM21.50, Carlsberg gained 36 sen to RM21.46 and Hong Leong Financial institution superior 34 sen to RM20.50.

Kuala Lumpur Kepong fell 20 sen to RM25.50, F&N misplaced 12 sen to RM21.60, SHL Consolidated eased 11 sen to RM1.89 and Nestle eased 10 sen to RM135.40.

CSH Alliance, essentially the most lively counter on Bursa Malaysia, added 0.5 sen to 16.5 sen with 479.72 million shares traded.

In the meantime, oil costs rise as US stockpiles decline amid a good market.

US mild crude oil rose US$1 to US$110.27 per barrel and Brent gained US$1.27 to US$116.75 a barrel.


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