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Blue chips edged up slightly in early Monday trade, with Petronas Dagangan, Hong Leong Bank and KL Kepong among the top gainers.
KUALA LUMPUR: The FBM KLCI fell 0.89% over the week to settle at 1,587.45 points amid continued foreign fund selling on Bursa Malaysia.
Bursa Malaysia started Friday on a cautious note in the absence of strong buying catalysts from funds while glove makers managed to stage a rebound amid the spreading Covid-19 pandemic.
Glove makers dragged the FBM KLCI deeper into the red in early Thursday trading.
India’s foreign-exchange market is getting roiled after the government told state-run banks to protect their dollar deposits due to a tax dispute.
Rising Covid-19 cases and uninspiring Wall Street weighed on investor sentiment on Bursa Malaysia early Wednesday.
HO CHI MINH CITY: Individual investors are piling into Vietnam stocks at an unprecedented pace, fuelling Asia’s biggest rally and stoking speculation that foreign funds will return after fleeing the market over the past year.
Petronan Dagangan and Hong Leong Bank helped shore up the FBM KLCI in early Tuesday trade while the broader market was firmer after the selling the previous day triggered by foreign fund selling.
KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia continued over the previous trading week to the tune of RM376.46mil, bringing the foreign outflow so far this year to RM2.87bil, said MIDF Research in its weekly fund flow report.