Tuesday 19 July 2016

Public Bank underpins KLCI’s early gains on Tuesday

Public Bank underpinned the FBM KLCI’s advance in early trade following the fresh record highs on Wall Street and as foreign funds returned to Bursa Malaysia.

Consumer stocks were among the top gainers as investors were attracted by their good dividends and strong earnings outlook.

At 9.30am, the KLCI was up 2.95  points or 0.18% to 1,673.79. Turnover was 279.11 million shares valued at RM144.29mil. There were 237 gainers, 144 losers and 235 counters unchanged.

Asian shares edged slightly lower in early Asian trade on Tuesday, as a downturn in crude oil curbed the enthusiasm from fresh record highs on Wall Street, Reuters reported.

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