KUALA LUMPUR: The FBM KLCI stayed slightly forward following the release of data that demonstrated that country’s economic climate expanded a better-than-expected 8. 9% in the second quarter of the year.
TVhe equities market, which usually had stayed within the positive territory for the majority of the morning session, kept its guide into midday, finishing 2 . 67 points higher at one, 508. 23.
However , there was a few profit-taking across the broader market with 395 decliners compared with 306 gainers.
Trading volume was 1 ) 14 billion stocks valued at RM787. 5mil.
Financial institution stocks rose on confirmation of the solid economic performance; Maybank rose three sen to RM8. ninety-seven, CIMB added 2 sen to RM5. 39, Hong Leong Bank jumped 10 sen to RM20. 88 and RHB was up three sen to RM5. 94.
PETRONAS Chemicals rose 5 sen to RM8. 83 and MISC climbed 14 sen to RM7. 39.
Glove shares were among the decliners as Hartalega 
dove 23 sen to RM2. 05 in heavy trade following its current release of disappointing earnings.
Top Glove, the top traded counters of the morning with 61. 6 million shares exchanging hands, fell 5. 5 sen to 87 sen.
Kossan Rubber seemed to be a leading laggards, dropping 11 sen to RM1. 06.
Among the technology counter tops, MPI was lower 20 sen to RM32, Pentamaster lose nine sen to RM4. 06 plus UWC lost four sen to RM4. 02.
The sharp rally in the earlier session gave way to uncertainty in Asian countries as investors appeared ahead towards the US Federal Reserve’s following monetary policy open up committee meeting.
Japan’s stock exchange, that was closed yesterday for any national holiday, performed catch up with a 2 . 4% jump to 28, 486.
South Korea’s Kospi rose 0. 1% to 2, 526 while China’s amalgamated index shed 0. 2% to a few, 276 as Covid cases in the country flower.
Hong Kong’s Hang Seng gained 0. 3% in order to 20, 146 plus Australia’s ASX200 dropped 0. 7% to 7, 021.