FBM KLCI Rises At Midday On U.S. Fed Sentiment

The benchmark FBM KLCI move higher at midday due to optimism on the possibility of U.S. Fed Reserve paring interest rates this year.

At Noon, Malaysia’s blue chips were up 4.39 points to 1,593.98.

The burse saw 513 gainers across the market compared with 439 decliners and 473 stocks unchanged with a share turnover was 2.57 million changing hands for RM1.53bil.

Among the top performers in the early session were utility and energy counters including YTL Power rising 11 sen to RM4.90 and YTL Corp gaining eight sen to RM3.34. Tenaga Nasional rose eight sen to RM12.40.

While, Maybank added two sen to RM9.82, CIMB rose five sen to RM6.70, Public Bank gained five sen to RM4.17 and RHB climbed three sen to RM5.47.

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