Today’s KLSE Stock Signal
Malaysia Stock Market News
- Sustained fund buying of Petronas Chemical, Axiata and Genting Bhd helped push the FBM KLCI to a higher close on Wednesday as trading volume and value surged, tracking the exuberant key Asian markets.At 5pm, the KLCI was up 19.62 points or 1.15% to 1,726.18 – the highest since mid October. Turnover was 3.82 billion shares valued at RM3.26bil. There were 724 gainers, 252 losers and 346 counters unchanged.
- Asian stocks advanced to 4-1/2-month highs as investors bet that Chinese and US trade negotiators would be able to secure a deal to de-escalate their year-long tariff war, Reuters reported.MSCI’s broadest index of Asia-Pacific shares outside Japan rose as much as 1.1% to mark its highest levels since Oct. 2. It last traded up 0.9% on the day.
- Hong Kong’s Hang Seng Index climbed 1.01%, Japan’s Nikkei 225 rose 0.6%, Shanghai Composite added 0.2% and Singapore’s STI 0.57%.
- Meanwhile, Bloomberg reported the rally since January has added more than US$893bil to the value of China’s equities, lifting Shenzhen’s risky startups and state-backed giants alike.