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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.
Bursa Malaysia joined key Asian markets to start Monday on a cautious note on concerns about US bond yields, inflation and the resurgence in Covid-19 cases.
The negative sentiment from the key Asian markets spilled over to Southeast Asian markets including Bursa Malaysia.
Bursa Malaysia started Friday on a weak note as investor sentiment was impacted by the overnight tumble on Wall Street and taking the hit were tech and chip 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.
KUALA LUMPUR: The FBM KLCI ended higher on Tuesday but the broader market was weak as profit-takers triumphed over bargain-hunters.
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: Blue chips took a breather on Friday as investors took some money off the table after a recent rally.
KUALA LUMPUR: The record closing on Wall Street galvanised investors’ confidence early Friday as they continued to accumulate chip makers, tech stocks while the strong oil prices saw firm interest in Petronas-linked stocks.