Public Bank rises amid corporate speculation; FBM KLCI holds steady

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Public Bank rises amid corporate speculation; FBM KLCI holds steady
FBM KLCIKLCIBursa Malaysia
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SAN FRANCISCO (Reuters) - Tesla faces a watershed moment on Thursday when CEO Elon Musk takes the stage at the Warner Bros Hollywood studio to unveil much-delayed plans for a robotaxi, a project that has reignited the electric vehicle maker's stock, despite cooling expectations for EV growth.

KUALA LUMPUR: The FBM KLCI finishes the day relatively unchanged amid a mixed regional market, despite the surge in China's market.

Gainers led sellers by 567 to 486, while 508 counters traded unchanged. Volume was 3.25 billion shares, valued at RM2.7bil. China's CSI 300 index closed up 5.93% at 4,256.10 while the Shanghai Composite Index ended 4.59% higher at 3,489.78. Hong Kong's Hang Seng Index, however, tumbled 9.41% to 20,926.79.

LPI Capital and Public Bank each rose 22 sen, closing at RM13 and RM4.57, amid speculation of potential corporate developments at Public Bank.During the conference, managing director and chief executive officer Tan Sri Dr. Tay Ah Lek, along with several key stakeholders, will share important updates and information related to a major announcement, according to the media invite.

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