KUALA LUMPUR: Blue chips closed higher for the second day on Wednesday, underpinned by gains in Genting Malaysia Bhd Telekom Malaysia Bhd and Petronas Chemicals Bhd as investor optimisim rode on the rebound in crude oil pricesAt 5pm, the KLCI rose 2.95 points or 0.18% to 1,658.73. Turnover was 1.71 billion shares valued at RM1.88bil. However, Globetronics added 12 sen to RM10.82. AirAsia rebounded from Tuesday's fall to add 10 sen to RM2.80 in active trade. Bison added 10 sen to RM1.80 after Nomura Research initiated coverage with a target price of RM2.25.

Source: The Star September 21, 2016 10:41 UTC