KLCI rebounds after recovery in the US

By NG MIN SHEN / pic by TMR file

The Bursa Malaysia KLCI recovered during the morning session today after yesterday’s 40 points plunge and recovery of the US market.

As at 12.35pm today, the local index was 26.76 points or 1.48% higher at 1,839.21, with an intraday high of 1,841.08 and an intraday low of 1,825.80.

Gainers led losers 761 to 230, with 310 counters unchanged and 544 untraded.

The index opened 14.66 points higher at 1,827.11, after having lost 40.62 points to close at 1,812.45 yesterday, with an intraday high of 1,820.37 points and an intraday low of 1,795.85 points.

Overnight, the S&P 500 finished 1.7% higher, while the Dow Jones Industrial Average closed 2.3% stronger.

Top gainers as at 12.30pm today included Nestle (Malaysia) Bhd, Hartalega Holdings Bhd, Public Bank Bhd, Hong Leong Financial Group Bhd, Petronas Gas Bhd, Top Glove Bhd, KESM Industries Bhd, Petron Malaysia Refining & Marketing Bhd, British American Tobacco (Malaysia) Bhd and Ibraco Bhd.