The FBM KLCI charged up lifted by key blue chips, as fund managers returned after the Hari Raya break.
As of the afternoon session, PPB Group Bhd and Nestle Malaysia Bhd were among the biggest gainers of the morning session.
It has been a mildly positive week for the global and regional markets, with these markets gaining approximately 1.3% on average.
This could also be prompted by China’s economic data surprising on the upside. Its export growth came in roughly in line with market consensus. It moderated to 34.4% year on year (YoY) in August from 38.1% in July.
Import growth jumped to 35.2% YoY in August from 22.7% in July, suggesting still robust domestic demand. Trade surplus narrowed to US$20.0bil in August from US$28.7bn in July.
At 5pm, the FBM KLCI was up 19.18 points to 1,456.96. There were a total of 542 gainers and 218 losers with 254 stocks unchanged.
Tokyo’s Nikkei 225 was up 0.89% to 9,321.82 and Hong Kong’s Hang Seng Index was up 1.89% to 21,658.35.
Shanghai’s A index was up 0.94% to 2,688.34 while Taiwan’s Taiex Index rose 2.55% to 8,091.30.
Seoul’s Kospi Index rose 0.9% to 1818.86, with Singapore’s Straits Times Index up 1.31% to 3061.98.
Nymex crude oil was up 16 cents to US$78.32 per barrel.
Spot gold was down US$1.20 to US$1,245.30 per ounce.
The ringgit was quoted at 3.1010 to the US dollar.
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