Thursday, 4 February 2016

KLCI up 21 points as dollar drop boosts markets

The FBM KLCI rallied by 21.65 points to  1,654.95 points at the midday close as a sharp decline in the dollar fuelled a resurgence in crude oil prices as well as emerging market currencies.

As at 1230PM, total turnover was 883.47 million shares valued at RM911.06mil.

The broader market was postive with advancers outnumbering decliners. There were 410 gainers to 299 losers and 304 counters unchanged.

Asian markets were mostly in the green today apart from Japan. Aside from gains in Malaysia, commodity-dependent Indonesia saw a surge in the rupiah, while the Jakarta Composite Index surged 1.45%.

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