KUALA LUMPUR: Bursa Malaysia and key Asian markets started Monday on a positive note with glove makers dominating the gainers list while overall trading volume rose to 990 million shares. At 9.19am, the FBM KLCI was up 6.8 points or 0.44% to 1,559.45. Turnover was 990.53 million shares valued at RM455.51mil. The broader market was firm with 419 gainers, 142 losers and 314 counters unchanged. Reuters reported Asian shares held near four-month highs as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the US. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05%, having hit its highest since February. Eyes were on Chinese blue chips, which surged almost 7% last week to their loftiest level in five years. Japan's Nikkei, however, has lagged with its domestic economy and was last up 0.4%. E-Mini futures for the S&P 500 firmed 0.3%, according to Reuters. Last week foreign funds were net sellers at RM339.4mil and local retailers at RM138.7 while local institutions were net buyers at RM478.2mil. On the technical outlook for the KLCI, CGS-CIMB Retail Research said that last week, the KLCI saw a five-day rally that lifted the index to close at its intra-week high, recouping three weeks of losses.,
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