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aws全区号( continues upward path after topping 1,500



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KUALA LUMPUR: Bursa Malaysia maintained its positive trajectory in early trade on Thursday, a day after the FBM KLCI managed to reclaim the 1,500 psychological level.Fading conerns over the Omicron virus lent Wall Street a further push overnight, sending its major indices higher for a second straight day.Tracking the bullish sentiment, the FBM KLCI was up 3.09 points to 1,503.41 at 9.10am."Overall market conditions have improved on the local front and the FBM KLCI managed to secure above the 1,500 level with thanks to the glove heavyweights," said Malacca Securities Research.It added that buying interest could pick up further in local equities given the easing anxieties over the Omicron virus, while several stocks are undergoing window-dressing activities, which could last until the year-end.On the technical side, the research firn said the indicators are suggesting growing momentum.Resistance and support levels are pegged to 1,510-1530 and 1,480 respectively, it added.On the blue-chip FBMKLCI, most stocks were positive although profit-taking was seen in Maybank, which shed two sne to RM8.20 following the previous day's advance.CIMB was also down one sen to RM5.37.Among the gainers, IHH climbed four sen to RM6.59, Tenaga Nasional added six sne to RM9.38 and Hong Leong Bank rose 10 sen to RM18.60.On the broader market, top actives were Bintai Kinden up 0.5 sen to 23 sen, KAB unchanged at 25.5 sen and VIS down 28 sen to RM1.07.


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