Friday, 17 June 2016

Key Asian markets higher, KLCI up 6pts at midday

Key Asian markets chalked up some gains in the morning on Friday while the FBM KLCI rose 6.5 points, underpinned by gains in bank stocks as worries about Britain's exit from the EU dissipated slightly.

At 12.30pm, the FBM KLCI was up 6.48 points or 0.4% to 1,621.38. Turnover was 549.60 million shares valued at RM488.51mil. There were 265 gainers, 263 losers and 356 counters unchanged.

Bloomberg reported Asian stocks rebounded from a three-week low, the pound strengthened and oil snapped a six-day losing streak after the murder of a UK lawmaker prompted speculation Britons will be less inclined to vote to leave the European Union at the June 23 referendum.

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