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apple developer enterprise account for rent:China rally helps KLCI stretch gains to six straight days


KUALA LUMPUR: Bursa Malaysia stretched its gains for the sixth straight day on Monday in a broad rally, as investor' confidence was further galvanised by the jump in Chinese blue chips and fund buying of glove makers.At 5pm, the FBM KLCI was up 24.25 points or 1.56% to 1,576.90. Year-to-date, the 30-stock KLCI is down by just 0.75%.Turnover was robust with 8.73 billion shares valued at RM5.07bil. There were 744 gainers, 333 losers and 407 counters unchanged.The ringgit firmed up 0.1% against the US dollar to 4.2830.Wire reports said signs of an economic rebound in China underpinned the advance in key Asian markets.Eyes were on Chinese blue chips which jumped 5.4% on top of a 7% gain last week, to their loftiest level in five years. Even Japan's Nikkei, which has lagged with a soft domestic economy, managed a rise of 1.8%, Reuters reported.In Hong Kong, Jefferies chief global equity strategist Sean Darby said the positive sentiment towards Asian markets was the result of better than expected regional economic data and elevated liquidity levels.Japan's Nikkei share average rose 1.83% to 22,714.44, its highest close since June 10. The broader Topix gained 1.60% to 1,577.15.At Bursa, glove makers were the top gainers. Top Glove was the top performer, up RM1.50 to RM19.96 and powerd the KLCI up by 6.32 points, Hartalega was up 50 sen to RM16.50 and added 2.65 points. Kossan bounced RM1.05 to RM10.38.Supermax surged 95 sen to RM10.36. UOB Kay Hian Malaysia Research said against the backdrop of unmet burgeoning glove demand, Supermax is well positioned to be the best beneficiary of record high average seling prices hikes.,

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