Markets rebound as oil slides

KUALA LUMPUR: The local market opened on a firm note Wednesday, propped by gains in key index linked stocks including DiGi as investors’ sentiment somewhat improved following the better closing on Wall Street and a fall in US crude oil. DiGi and JT International were among the major gainers. DiGi posted second quarter net profit of RM298.4mil and declared an interim dividend of 57 sen per share. JTI announced a capital repayment totalling RM196mil or 75 sen per share. At 9.34am, the KL Composite Index had risen 12.53 points or 1.13% to 1,122.10, Turnover was 50 million shares valued at RM67mil. There were 152 gainers, 54 losers and 89 counters unchanged. Among Asian markets, the Nikkei 225 was up 1.07% ot 141.4 points to 13,326.36, Singapore’s Straits Times Index added 1.57% to 2,936.18 and Shanghai’s A Share Index 0.89%... [read full story]