KLCI stages rebound but ringgit extends decline

The ringgit slipped to fresh 1998 low of 4.1840 against the US dollar. AFP file pic

KUALA LUMPUR: Blue chips staged a rebound on Friday, underpinned by fund buying of Tenaga, Maxis and Hong Leong but the broader market remained cautious as the ringgit continued to lose ground.

At 12.30pm, the FBM KLCI was up 4.93 point or 0.31% to 1,582.34 – of an intra-morning low of 1,557. Turnover was one billion shares valued at RM907.29mil. Decliners led advancers 445 to 247 while 289 counters were unchanged.