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KUALA LUMPUR: Petronas-linked stocks gave the FBM KLCI the much needed boost on Tuesday and nudged the FBM KLCI over the crucial 1,600 level but selling of Tenaga Nasional on the adverse impact from possible reforms held the gains in check.
KUALA LUMPUR: Bursa Malaysia gave up some of the early gains on Tuesday to end the morning session in the red, tracking the cautious key Asian markets, on worries about a breakout of war.
KUALA LUMPUR: The FBM KLCI slipped into negative territory by midday as profit-taking set in over the course of the morning session.
KUALA LUMPUR: Local fund buying of Petronas-linked stocks and a mild rebound in the hammered-down Axiata Group enabled the FBM KLCI to close above the key 1,600 level amifd a mixed broader market.
KUALA LUMPUR: Selling pressure on Axiata and Digi, after the proposed merger fell through, weighed heavily on the FBM KLCI on Tuesday.
KUALA LUMPUR: Blue chips closed on a firmer note on Friday, underpinned by gains in MISC and Axiata, as market sentiment was boosted by hopes of a de-escalation in the US-China trade dispute.
KUALA LUMPUR: The FBM KLCI eked out slight gains despite the firmer key Asian markets as investors were reluctant to take more risks following the weak corporate results and uncertainties in the US-China trade war.
KUALA LUMPUR: The FBM KLCI could be extending its rebound towards the resistance of 1,630 points following the positive development in Hong Kong.
KUALA LUMPUR: Conglomerate PPB Group Bhd remains confident about mitigating the challenging environment arising from the slowing economy as well as cautious consumer spending