Digi, Maybank nudge KLCI into positive close, ringgit weak

CIMB Equities Research has upgraded DiGi.Com Bhd from Reduce to Hold after a 14% decline in share price year-to-date.

KUALA LUMPUR: Local fund buying of Digi, Maybank and Axiata nudged the FBM KLCI  to a positive close in an otherwise volatile market where the ringgit lost ground against the major currencies.

Digi charged ahead in the afternoon session, climbing 18 sen to RM4.62 and nudging the KLCI up 2.4 points. The telco has stepped up its challenge to other telcos and it will launch its 4G LTE Carnival on Thursday all its 150 Digi Stores & Digi Stores Express nationwide.