LAST_UPDATESun, 22 Jul 2018 10am

KLCI Surges To Record High, Breaks Past 1,690

KUALA LUMPUR: Malaysia's key index surged to a record high of 1,690 in early trade on Thursday, with fund buying seen in Petronas-linked stocks and Axiata.

At 9.21am, it was up 15.57 points to 1,690.29. Turnover was 99.90 million shares valued at RM77.75mil. There were 215 gainers, 52 losers and 149 counters unchanged.

Petronas Gas jumped 70 sen to RM19.78 and Petronas Dagangan added 46 sen to RM23.74.

Axiata, a fund manager's favourite, advanced 23 sen to RM6.81.

Plantations rose, with KL Kepong adding 30 sen to Rm22.98 and PPB Group 26 sen to RM12.26.

Among consumer stocks, BAT added 36 sen to RM62.36 with 100 shares done while Dutch Lady added 14 sen to RM46.60.

Below is the earlier story:

KUALA LUMPUR: Malaysia's FBM KLCI opened firmer on Thursday, as investors' sentiment was boosted by the overnight surge on Wall Street, with banks and Axiata among the gainers.

At 9am, the KLCI was up 6.70 points to 1,681.42. Turnover was 11.66 million shares valued at RM9.27mil. There were 90 gainers, nine losers and 85 counters unchanged.

Petronas Dagangan was the top gainer, up 40 sen to RM23.68 while Petronas Gas climbed 34 sen to RM19.42.

Among the banks, AmBank rose 10 sen to RM6.77 and RHB Cap seven sen to RM7.72. Axiata added seven sen to RM6.65 and Maxis six sen to RM6.67.

IJM Corp gained six sen to RM5.11 after its 20% owned West Coast Expressway (WCE) signed a concession agreement with the government to undertake the RM7.1bil highway project.

- Joseph Chin / The Star