KUALA LUMPUR: The FBM KLCI rose on Thursday, July 8 in line with regional markets after after the firmer overnight close on Wall Street which saw the Dow Jones industrial average surge nearly 3%.
US stocks logged their best one-day gain in about six weeks on Wednesday after a bullish forecast from financial company State Street Corp fueled optimism about the coming earnings season and helped the S&P 500 break above a major resistance level.
The Dow Jones Industrial Average climbed 274.66 points, or 2.82%, to 10,018.28 points. The Standard & Poor's 500 Index gained 32.21 points, or 3.13%, to 1,060.27 points. The Nasdaq Composite Index advanced 65.59 points, or 3.13% to 2,159.47 points.
At 9.15am, the FBM KLCI gained 4.18 points to 1,315.93. Gainers led losers by 164 to 18, while 80 counters traded unchanged. Volume was 55.36 million shares valued at RM55.16 million.
Among the gainers on Bursa Malaysia, Nestle added 30 sen to RM35.10, Top Glove 20 sen to RM13.66, and BAT 14 sen to RM43.54.
CIMB, F&N, Bursa and K-Star Sports rose six sen each to RM7.06, RM12.70, RM6.98 and RM2.40 respectively.
Newly-listed SunREIT slipped one sen to 89 sen with 19.19 million units traded. Other actives in early trade included Berjaya Corp, Scomi, KNM and Sinotop's rights shares.
US stocks logged their best one-day gain in about six weeks on Wednesday after a bullish forecast from financial company State Street Corp fueled optimism about the coming earnings season and helped the S&P 500 break above a major resistance level.
The Dow Jones Industrial Average climbed 274.66 points, or 2.82%, to 10,018.28 points. The Standard & Poor's 500 Index gained 32.21 points, or 3.13%, to 1,060.27 points. The Nasdaq Composite Index advanced 65.59 points, or 3.13% to 2,159.47 points.
At 9.15am, the FBM KLCI gained 4.18 points to 1,315.93. Gainers led losers by 164 to 18, while 80 counters traded unchanged. Volume was 55.36 million shares valued at RM55.16 million.
Among the gainers on Bursa Malaysia, Nestle added 30 sen to RM35.10, Top Glove 20 sen to RM13.66, and BAT 14 sen to RM43.54.
CIMB, F&N, Bursa and K-Star Sports rose six sen each to RM7.06, RM12.70, RM6.98 and RM2.40 respectively.
Newly-listed SunREIT slipped one sen to 89 sen with 19.19 million units traded. Other actives in early trade included Berjaya Corp, Scomi, KNM and Sinotop's rights shares.
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