FBM KLCI Rebounds Amid Asian Market Downturn

  • 📰 staronline
  • ⏱ Reading Time:
  • 42 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 75%

BUSINESS Noticias

FBM KLCI,Malaysian Stock Market,Asian Markets

The Kuala Lumpur Composite Index (KLCI) rallied despite a weak start, defying the regional trend of declining markets. The index increased in value, driven by gains in blue-chip stocks and a positive overall market sentiment.

The FBM KLCI demonstrated resilience, rebounding after an initially weak start. This positive performance reinforces expectations of a year-end rally within the remaining two trading days of the year. As of 12:30 pm, the benchmark index had surged 4.52 points to 1,632.66, fluctuating within a nine-point range of 1,624.92 to 1,633.54. The local market defied the downward trend observed in most Asian markets, which were affected by elevated US Treasury yields. Japan's Nikkei experienced a 0.

9% decline to 39.914, Hong Kong's Hang Seng dipped 0.57% to 19.976, and China's composite index slid 0.9% to 3,397. On Bursa Malaysia, the secondary market mirrored the upward momentum of the blue-chip companies, resulting in a total of 471 gainers compared to 447 decliners. However, trading activity remained subdued due to the holiday season, with 1.54 billion shares changing hands for a value of RM987.43 million. Nestle spearheaded the market's advance, soaring RM2.02 to RM99.04. YTL Power climbed seven sen to RM4.36, and Maybank gained eight sen to RM10.18. PETRONAS Chemicals added six sen to RM5.07, while recent KLCI entrant 99 Speed Mart rose three sen to RM2.50. Among actively traded stocks, Vanzo remained unchanged at 20 sen, JCY increased one sen to 58 sen, and Supermax gained four sen to RM1.32

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 4. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

FBM KLCI ends lower, dragged by banking stocks amid regional downturnIndia's chess star Gukesh Dommaraju returned to a hero's welcome in his home city on Monday after becoming the youngest world champion aged only 18.
Fuente: staronline - 🏆 4. / 75 Leer más »

FBM KLCI edges higher amid cautious market; ringgit weakens as US dollar ralliesThe EU’s European Commission has pressed Apple Inc. to further open up the iPhone operating system to rivals, prompting the company to complain about requests from Meta Platforms Inc. that it says will undermine privacy.
Fuente: staronline - 🏆 4. / 75 Leer más »