DRB-Hicom, MBSB in focus, retail investors net buyers

Bursa Malaysia joined the key Asian markets recovery as they notched gains of between 0.4% and 2.25% with Dialog, telcos, glove makers and Maybank underpinning the advance.

KUALA LUMPUR: DRB-Hicom and Malaysian Building Society Bhd (MBSB) rose in active trade on Wednesday ahead of the release of their much improved earnings amid the recent corporate exercises.

At 5pm, the KLCI was up 2.81 points or 0.12% to 1,858.17, boosted by gains in Maybank, Digi and RHB Bank. Turnover was 2.28 billion shares valued at RM2.53bil. There were 605 gainers, 330 losers and 391 counters unchanged.

Local retailers were net buyers at RM37.53mil while local institutions were net sellers at RM14.66mil and foreign funds net sellers at RM22.87mil.