FBM KLCI starts 2H23 on a positive note

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FBM KLCI starts 2H23 on a positive note
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The benchmark index added 4.98 points, or 0.36% to 1,381.66 at 9.06am.

The index opened 2.71 points higher at 1,379.39.rose 38 sen to RM28.20, Kuala Lumpur Kepong gained 30 sen to RM22.26, Hextar Technologies advanced 30 sen to RM27.80 and PETRONAS Gas climbed 16 sen to RM16.86.

Malacca Securities reckoned a rebound may take shape, taking cue from bargain-hunting activities from the previous session pullback, while the calmer market sentiment on Wall Street may also lend strength to the local markets. “Investors may keep watch on technology-related stocks, taking cue from the strong performance delivered by Nasdaq overnight. Focus may also shift towards the commodities-related stocks amid the stronger commodity prices.

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