Axiata, Digi weigh on KLCI on merger concerns

KUALA LUMPUR: Blue chips slipped into negative territory early Monday, weighed down by Axiata and Digi on concerns that the merger of Axiata and Telenor ASA could have hit a snag.

At 9.17am, the FBM KLCI was down 0.23 of a point or 0.01% to 1,598.99. Turnover was 205.50 million shares valued at RM102.34mil. The broader market was firmer with advancers leading decliners two to one. There were 201 gainers, 100 losers and 195 counters unchanged.