(RTTNews) - The Malaysia stock market on Tuesday ended the two-day slide in which it had fallen almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,710-point plateau and it may extend its gains on Wednesday. The global forecast for the Asian markets suggests mild upside ahead of the U.S. monetary policy announcement later today. The European and U.S. markets...
(RTTNews) - The Malaysia stock market on Tuesday ended the two-day slide in which it had fallen almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,710-point plateau and it may extend its gains on Wednesday. The global forecast for the Asian markets suggests mild upside ahead of the U.S. monetary policy announcement later today. The European and U.S. markets were up and the Asian bourses are expected to follow that lead. The KLCI finished modestly higher on Tuesday following gains from the financials, industrials and telecoms, while the plantations were soft. For the day, the index added 14.43 points or 0.85 percent to finish at 1,710.99 after trading between 1,701.19 and 1,713.25. Among the actives, AMMB Holdings rallied 1.69 percent, while Axiata rose 0.44 percent, Celcomdigi tumbled 1.57 percent, CIMB Group improved 0.77 percent, Gamuda added 0.48 percent, IHH Healthcare gained 0.45 percent, IOI Corporation increased 0.50 percent, Kuala Lumpur Kepong eased 0.10 percent, Maybank collected 1.05 percent, MISC climbed 0.84 percent, MRDIY spiked 2.48 percent, Nestle Malaysia slumped 1.27 percent, Petronas Chemicals skyrocketed 8.08 percent, Petronas Dagangan perked 0.09 percent, PPB Group accelerated 2.33 percent, Press Metal fell 0.13 percent, Public Bank vaulted 1.25 percent, QL Resources gathered 0.27 percent, RHB Bank strengthened 1.21 percent, Sime Darby expanded 0.86 percent, SD Guthrie dropped 0.86 percent, Sunway jumped 1.94 percent, Telekom Malaysia advanced 0.81 percent, Tenaga Nasional was up 0.14 percent, YTL Corporation surged 4.22 percent, YTL Power soared 3.61 percent and 99 Speed Mart Retail, Maxis and Petronas Gas were unchanged. The lead from Wall Street is firm as the major averages opened higher on Tuesday and remained in the green throughout the day, although off session highs. The Dow added 46.85 points or 0.10 percent to finish at 46,993.26, while the NASDAQ climbed 105.35 points or 0.47 percent to end at ...