KUALA LUMPUR: Tenaga Nasional and Public Bank underpinned the FBM KLCI’s rebound early Thursday as global markets sentiment perked up with the political turmoil in Italy easing.
At 9.15am, the KLCI was up 24.03 points or 1.4% to 1,743.31. Turnover was 272.36 million shares valued at RM195.82mil. There were 318 gainers, 125 losers and 151 counters unchanged.
Asian stocks rebounded from a two-month trough, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing, Reuters reported.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3% having slumped to its weakest since the start of April on Wednesday. South Korea’s KOSPI added 0.6% and Japan’s Nikkei advanced 0.5%.
Market sentiment would also be underpinned by the latest news from the world’s second largest econom
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