KUALA LUMPUR: Malaysia’s blue-chip index gained momentum in the early session, erasing losses from the previous day to reach a fresh two-month high.
At 12.30pm, the FBM KLCI was up 11.54 points to 1,725.30, defying a slump in regional indices that tracked a decline in chipmakers.
The local bellwether gained on strong buying interest in select heavyweights across sectors. IOI Properties
gained 15 sen to RM3.92, Sunway rose seven sen to RM5.30, Public Bank jumping 12 sen to RM5.17 and PETRONAS Dagangan climbing 32 sen to RM19.64.
Investor interest, however, remained on the blue chips as the broader market was negative with 496 declining issues compared to 480 advancing.
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