Monday, 4 April 2016

KLCI up nearly 9pt at midday, Maybank, Tenaga advance

Blue chips continued their advance at midday on Monday on fund buying of Maybank, Tenaga Nasional and Public Bank as investor sentiment was shored up by the stronger ringgit despite the weakening crude oil prices.

At 12.30pm, the KLCI was up 8.68 points or 0.51% to 1,719.23. Turnover was 777.48 million shares valued at RM598.56mil. There were 359 gainers, 227 losers and 336 counters unchanged.

Asian share prices held firm on Monday after solid US payroll data underpinned investor risk sentiment while dovish comments from Federal Reserve Chair Janet Yellen the previous week kept the US dollar in check, Reuters reported.

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