KUALA LUMPUR: Blue chips managed to stage a relief rebound early Friday, underpinned by gains in Public Bank and Tenaga Nasional after two days of battering by foreign funds on worries about the country’s RM1 trillion debt.At 9.04am, the KLCI was up 10.42 points or 0.59% to 1,786.08. Turnover was 78.48 million shares valued at RM61.16mil. Conversely, immediate resistances can be found at 1,780 (R1) and 1,800 (R2),” it said.Public Bank rose 46 sen to RM24.82, Tenaga added 22 sen to RM14.98 and Genting Bhd nine sen higher at RM8.53. rose 13 sen to RM3.36 after its stronger earnings. South Korea's Kospi fell 0.65% and Japan's Nikkei fell 0.3%.Safety bids boosted bond prices globally, driving yields lower.The 10-year US Treasuries yield stood at 2.988%, falling further from a seven-year high of 3.128% hit a week ago.

Source: The Star May 25, 2018 01:17 UTC