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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.
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 lost ground in early Wednesday trade, tracking the overnight fall on Wall Street and cautious key Asian markets but Main Market debutant Tuju Setia held firm.
Blue chips eked out slight gains in early Thursday with KL Kepong underpinning the FBM KLCI’s advance while the broader market was mixed.
Bursa Malaysia edged lower in early Friday trade as investors worried about the record high Covid-19 infections and deaths and the possibility of a full lockdown in Selangor.
KUALA LUMPUR: Bursa Malaysia was broadly higher in early Monday trade, with consumer stocks staging a recovery while overall market sentiment was more positive about the government’s latest restricted measures to curb the spread of the Covid-19 pandemic.
KUALA LUMPUR: Foreign funds acquired RM32.4mil worth of equities on Bursa Malaysia last week, snapping a nine-week selling streak, according to MIDF Research.
Blue chips slipped in early Tuesday trade, as the mild rebound deflated despite stronger first quarter corporate earnings as investors worried about the record deaths and infections from the Covid-19.