At Bursa, Axiata rose 26 sen to RM4.62 while Digi gained 12 sen to RM4.66. Bloomberg reported Malaysia’s sovereign fund and Telenor ASA have revived talks on a potential deal involving Axiata Group, just four months after the carriers scrapped negotiations on a broader merger of their Asian operations.
KUALA LUMPUR: Fund buying of Axiata and Digi helped underpin the FBM KLCI's advance at midday on Friday while most key Asian markets were upbeat about the resilence of China's economy.
At 12.30pm, the KLCI was up 5.83 points or 0.37% to 1,593.71. Turnover was 1.58 billion shares valued at RM966.19mil. There were 343 gainers and also 343 losers while 416 counters unchanged.
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