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Bursa Malaysia eked out mild gains early Tuesday on some nibbling of oversold counters like F&N after the broad selling the previous day when foreign funds continued to reduce their shareholdings.
Blue chips advanced in early Monday trade, underpinned by gains in Maybank, Hong Leong Bank and Petronas Dagangan but the broader market continued to be cautious as decliners beat advancers more than two to one.
KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia slowed over the previous week to RM108.1mil due to the trading week being shortened for the Raya break.
SEOUL: Global funds have piled back into short selling South Korean stocks in the two weeks since authorities lifted a ban on the divisive investment strategy.
Public Bank and Hong Leong Bank helped shore up the FBM KLCI in early Wednesday trade but again the broader market was cautious as the MCO 3.0 came into effect throughout the nation.
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Bursa Malaysia extended its losses early Tuesday with tech and chip makers following the retreat of the Nasdaq on Wall Street while buying interest was curbed as all of Malaysia will come under the MCO from Wednesday.
Bursa Malaysia closed lower on Monday as the undertone of the stock market remained cautious on continued foreign selling and ahead of the first quarter GDP data on Tuesday.