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buy apple account:KLCI rises for second day amid economic reopening

admin2021-02-0518

KUALA LUMPUR: The FBM KLCI extended its gains for a second day as the reopening of all economic sectors in the country lent a positive lift to sentiment.Investors have been seen returning to a buying mode this week as Wall Street rebounded to recent highs."Investors may continue to look for stocks under the transport and logistics, plantation, consumer electronic and healthcare sectors ahead of the earnings season, while glove stocks have turned positive in terms of their technicals," said Malacca Securities Research.At 12.30pm, the key index was up 5.50 points to 1,586.98, shrugging off the negative news that the movement control order would be extended for a further two weeks.Most of the heavyweights were in positive territory while the broader market showed 621 gainers compared to 406 decliners.Meanwhile, a jump in Brent crude prices sent oil and gas stocks higher while plantation counters were also seen advancing.On the FBM KLCI, Petronas Chemicals rose 16 sen to RM7.07, Maybank added 11 sen to RM7.96 and Sime Darby Plantation gained five sen to RM4.95.There was a step back in glove counters with Top Glove shedding 17 sen to RM6.88 and Hartalega dropping 10 sen to RM13.20.Elsewhere, Asian markets rose on the growing stimulus in global economies to aid in the pandemic recovery.Japan's Nikkei was up 0.7% and South Korea's Kospi jumped 0.6%. China's composite index eked 0.2% higher although Hong Kong's Hang Seng fell 0.5%.In Australia, the ASX200 gained 1.2% on the central bank's commitment to keeping interest rates near zero.
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  • 2021-02-16 00:21:12

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