Bursa climbs early Monday, takes cue from key Asian markets - Business News - News Summed Up

Bursa climbs early Monday, takes cue from key Asian markets - Business News


KUALA LUMPUR: Bursa Malaysia advanced early Monday, with the FBM KLCI up nearly 10 points led by Nestle and Hong Leong Bank amid a firmer broader market as sentiment was given a boost by key Asian bourses.At 9.11am, the KLCI was up 9.68 points or 0.52% to 1,853.60. Turnover was 241.76 million shares valued at RM90.44mil. There were 319 gainers, 82 losers and 189 counters unchanged.MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.4%. UMW added 26 sen to RM6.21.However, Dialog fell four sen to RM2.59 with 34,000 shares done. Maybank Research is positive on Dialog with a target price of RM3.It said Petronas’ planned upgrade of its Kerteh refinery is a positive for Dialog, for it ensures the extension of Dialog’s 30%-owned KCTF concession beyond 2020, a concern/ risk in the past.


Source: The Star March 12, 2018 01:30 UTC



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