Top Glove rose 36 sen to RM6.77 and added 5.65 points to the KLCI while Hartalega gained 46 sen to RM12.44 and nudged the index by 3.02 points.
KUALA LUMPUR: Top Glove and Hartalagea gave the FBM KLCI a big boost on Wednesday as analysts maintained their Overweight stance on glove makers and had the two stocks as their top picks on robust global demand.
Public Bank, which has led the KLCI higher most of the time since last week s record four-for-one bonus issue announcement also help provide the lift.
At 5pm, the KLCI was up 7.39 points or 0.44% to 1,681.41. Turnover was 11.22 billion shares valued at RM5.21bil. There were 830 gainers, 453 losers and 458 counters unchanged.
KUALA LUMPUR: A rebound in Top Glove shares and gains in Public Bank underpinned the FBM KLCI’s advance above an 18-month high on Thursday.
At 9.06am, the FBM KLCI was up 2.98 points or 0.18% to 1,649.51. Turnover was 523.73 million shares valued at RM233.06mil. There were 279 gainers, 221 losers and 334 counters unchanged.
At 9.06am, the KLCI was up 2.98 points or 0.18% to 1,649.51. Turnover was 523.73 million shares valued at RM233.06mil. There were 279 gainers, 221 losers and 334 counters unchanged.
Bloomberg reported Asian stocks slipped after US technology giants dragged Wall Street benchmarks lower amid dimming prospects for fresh stimulus. The pound fell amid a stalemate in Brexit negotiations.