KUALA LUMPUR: The FBM KLCI rose 0.79% at mid-morning today and crossed the 1,730-point level on some firm deal chasing exercises. – Bursa Malaysia stock market
At 10am, the FBM KLCI rose 13.76 focuses to 1,731.12 (Bursa malaysia stock market ).
The top gainers included British American Tobacco (M) Bhd, Kuala Lumpur Kepong Bhd, SAM Engineering and Equipment Bhd, Hong Leong Financial Group Bhd, Kumpulan Perangsang Selangor Bhd, CIMB Group Holdings Bhd, Axiata Group Bhd, Teck Guan Perdana Bhd, Petronas Dagangan Bhd, RHB Bank Bhd and Malayan Banking Bhd.
The actives included Hibiscus Petroleum Bhd, Borneo Oil Bhd
Trive Property Group Bhd, IFCA MSC Bhd, Systech Bhd, Digista Corp Bhd, PUC Founder (MSC ) Bhd and CIMB.
The washouts included SCGM Bhd, Advanced Packaging Technology (M) Bhd, Batu Kawan Bhd, United Plantations Bhd and Iskandar Waterfront City Bhd.
The dollar breast fed severe misfortunes in Asia on Thursday
While sovereign securities relished their greatest rally in nine months after the Federal Reserve climbed financing costs not surprisingly however flagged no get in the pace of fixing, as per Reuters. Bursa Malaysia stock market
The euro got a special reward when leave surveys demonstrated the counter EU gathering of Geert Wilders won less seats than anticipated in Dutch decisions, calming fears that popular conclusion was swinging inflexibly toward a separation of the union, it said
Hong Leong IB Research said that as the Fed’s turn was broadly expected, securities exchanges responded on a positive note.
“Additionally, Janet Yellen kept up with potential two more climbs in 2017 with the view that the economy is recouping on a sound pace, in-accordance with Fed’s goals.
“Purchasing premium may overflow towards Malaysia’s securities exchange after a help rally in Wall Street, combined with higher oil costs.
“The FBM KLCI may recover quality over 1,720, conceivably returning to the 1,730 level,” it said.