(RTTNews) – The Malaysia stock market bounced higher again on Tuesday, one session after it halted the two-day winning streak in which it had advanced more than 40 points or 2.7 percent. The Kuala Lumpur Composite Index now rests just above the 1,525-point plateau although it figures to head south again on Wednesday.
The global forecast for the Asian markets is soft on profit taking and on concerns for a COVID-19 vaccine. The European and U.S. markets were down and the Asian bourses figure to follow suit.
The KLCI finished modestly higher on Tuesday following gains from the financials, plantations and glove makers.
For the day, the index rose 6.77 points or 0.45 percent to finish at 1,525.20 after trading between 1,512.46 and 1,527.04. Volume was 5.963 billion shares worth 3.887 billion ringgit. There were 477 gainers and 460 decliners.
Among the actives, Petronas Dagangan surged 2.56 percent, while Malaysia