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Digi, Petronas Gas and GentingM helped the FBM KLCI to end above the crucial 1,600 level on Friday as investors sentiment perked up following the improved key Asian markets.
KUALA LUMPUR: Bursa Malaysia failed to hold on to its gains in early trade as market sentiment remained cautious, amid a dearth of fresh leads.
Petronas-linked stocks and Tenaga Nasional underpinned the FBM KLCI’s rebound on Wednesday, enabling it to recoup one-third of the previous day’s losses.
Telcos staged a pullback and weighed on the FBM KLCI on Monday while IHH Healthcare and MAHB fell on concerns about their operations in Turkey.
The negative sentiment from the key Asian markets spilled over to Southeast Asian markets including Bursa Malaysia.
Bursa Malaysia closed mixed amid sustained buying of chip and tech stocks on Thursday but profit taking weighed on glove makers.
Most chip makers and tech related stocks were in the red early Wednesday on mild profit taking after the mixed overnight close on Wall Street.
The FBM KLCI closed higher on Monday, underpinned by gains in Maybank, Maxis and CIMB amid a firmer broader market while crude palm oil surged to a fresh high since 2008.
KUALA LUMPUR: CIMB and Maybank helped lift the FBM KLCI at midday on Monday while crude palm oil continued to climb higher and the ringgit firmed up against the US dollar.
ARTISANS and small businesses of The Artisans Haven will have the opportunity to display their unique fine crafts at The Linc KL.