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KUALA LUMPUR: Malaysia’s blue chips staged a technical rebound at midday on Friday, led by fund buying of Petronas related stocks and banks, with the FBM KLCI almost 13 points higher.
KUALA LUMPUR: Key Asian markets except for China closed sharply lower on Monday, following Greeks’ move to reject the bailout terms, while the FBM KLCI lost more than 17 points on continued selling by foreign funds and the ringgit sunk to a 16-year low.
KUALA LUMPUR: Blue chips advanced at the midday break on Thursday, with the FBM KLCI chalking up one of the biggest gains in recent days, led by Sime Darby and Petronas Gas.
KUALA LUMPUR: Petronas Chemicals dragged the FBM KLCI further into the red at the close on Tuesday, in tandem with the cautious key Asian markets, but the ringgit managed to firm up slightly against the US dollar.
KUALA LUMPUR: The FBM KLCI ended Friday on a downbeat note on losses by Petronas Chemicals and RHB Capital but the broader market showed signs of stabilising.
KUALA LUMPUR: Tenaga Nasional and Sime Darby dragged the FBM KLCI into the red at midday on Wednesday as investor confidence continued to be dampened by sustained foreign selling.
KUALA LUMPUR: RHB Capital, Petronas Chemicals and Maxis topped the losers’ list at the midday break on Friday on extended selling pressure as the broader market continued to weaken.