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KUALA LUMPUR: The FBM KLCI fell 0.89% over the week to settle at 1,587.45 points amid continued foreign fund selling on Bursa Malaysia.
Petronan Dagangan and Hong Leong Bank helped shore up the FBM KLCI in early Tuesday trade while the broader market was firmer after the selling the previous day triggered by foreign fund selling.
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.
REVIEW: Worries over the scope and duration of the movement control order is keeping the local stock market under pressure despite the director-general of Health’s attempts to assuage fears over the surging number of coronavirus cases in the country.
KUALA LUMPUR: The FBM KLCI snapped the recent losing streak on Wednesday, which had been triggered by late fund selling, while semiconductor and technology related stocks were among the top gainers.