14. BCHB, Bursa lead blue chips higher

KUALA LUMPUR: BCHB and Bursa led blue chips higher in early trade on Monday but overall market sentiment was still cautious after last Friday’s decline and as investors awaited more corporate earnings this month. At 9.30am, the KLCI was up 3.9 points to 1,124.21. Turnover was 51.48 million shares valued at RM66.13mil. Light crude oil was trading at US$115.60 while the ringgit continued to weaken to RM3.31 against the greenback. Japan’s Nikkei 225 surged 1.85% or 244 points to 13,412.42 and Singapore’s Straits Times Index jumped 1.13% to 2,839.19 but Shanghai’s A Share Index fell 0.24% to 2,727.91. On Bursa Malaysia, OSK Investment Research said it did not expect the KLCI to fall close to 10 points last Friday despite the poor performance of the US market last Thursday. “However, what is important is that the KLCI was able to... [read full story]