Experts have said worries over the discovery of the new coronavirus variant are overblown given there is evidence its symptoms could be"mild" despite a possibility of it being highly infectious.
At 9.30am, the FBM KLCI was up 4.25 points to 1,487.7 as it took its cue from the US market, especially after yesterday's sharp decline on worries the world's economies could re-enter lockdown.Public Bank rose five sen to RM3.93 and Peronas Chemicals gained nine sen to RM8.40. Maybank was also up two sen to RM8.01 while Axiata climbed six sen to RM3.71.
Moving forward, Malacca Securities Research expects some further rebound on the FBM KLCI as investors reposition into value stocks or heavyweights moving into the year-end window-dressing period.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.