Foreign buying underpins telcos, Petronas Chemicals late push


KUALA LUMPUR: Telcos and Petronas Chemicals provided the last-gasp advance for the FBM KLCI which was under pressure in the late afternoon on Monday while the broader market was mixed and the ringgit slipped against the key currencies.

At 5pm, the KLCI was up 0.19 of a point or 0.01% to 1,755.19. Turnover was 2.04 billion shares valued at RM1.71bil. There were 380 gainers, 409 losers and 440 counters unchanged.

Stock market data showed foreign funds were net buyers at RM111.04mil while local institutions were net sellers at RM113.86mil. Retail investors were net buyers at RM2.82mil only.

 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Maxis ready to build another 5G network, fully supports govt 5G delivery model
Iconic Worldwide raises RM95.6mil in oversubscribed rights issue
Merdeka 118 tower receives LEED Platinum certification
Hextar Capital to diversify into construction and project management services
Genting Plantations expects demand for palm products to advance in 2024
FBM KLCI up despite market weakness, Middle East tension
Surging dollar pressures Asian FX; S.Korean won leads losses
China set to keep lending benchmark LPRs unchanged in April
Gold rises as safe-haven appeal boosted by Israel's attack on Iran
MKH Oil Palm IPO oversubscribed by 8.4 times

Others Also Read