KUALA LUMPUR: Strong retail support for Top Glove, Hartalega and Supermax helped underpin the FBM KLCI’s advance early Friday but the broader market was cautious ahead of the long weekend.
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At 9.17am, the KLCI was up 4.06 points or 0.26% to 1,584.68. Turnover was 870.18 million shares valued at RM946.49mil. The broader market was weaker with 412 losers to 263 gainers and 366 counters unchanged.
Bursa Malaysia will be closed for trading on Monday, which is Federal Territory Day.
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Meanwhile, Asian stocks tracked their US peers higher as moves to limit retail trader speculation led to gains in stocks that hedge funds had been forced to abandon. The dollar ticked higher, Bloomberg reported.
South Korean shares outperformed in early trading. Futures on the S&P 500 slipped after the gauge rebounded from its worse loss since October.- The Star