FBM KLCI starts 6.65 points higher, tracking Wall Street gains

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The benchmark FBM KLCI added 8.29 points to 1,394.56 at 9.06 am.

The index opened 6.65 points higher at 1,392.92 earlier.

“Still, the weakening trading liquidity and the persistent selling from foreign funds will keep bigger strides of gains at bay,” it said. Meanwhile, TA Securities said while stocks may extend a rise on improving risk sentiment following recovery in the overnight US and UK markets, weak buying momentum and cautious outlook on China and the global economy should cap upside potential.

 

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