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Blue chips snapped their losing streak on Thursday on some buying of IHH Healthcare and KL Kepong but gloves lost ground amid a weaker broader market though there were some bright spots in the economic outlook.
The FBM KLCI closed at the day's low on Wednesday, weighed down losses in banks and gloves as buying sentiment remained weak due to the rising Covid-19 numbers and also tracking the downbeat key Asian markets.
Returning investor interest in glove stocks amid the Covid-19 pandemic enabled the FBM KLCI recoup more than half of the previous day’s losses.
KUALA LUMPUR: The FBM KLCI ended the day in red on Friday in line with the weak performance of its regional peers.
KUALA LUMPUR: The FBM KLCI ended in the positive territory on Wednesday on last-minute buying in selected index-linked counters.
KUALA LUMPUR: Continuous buying support for glove makers helped drive the FBM KLCI to end on a firm note, extending gains to a third consecutive session.
KUALA LUMPUR: PPB Group Bhd’s diversified stable of businesses has helped the company weather the storm and continue to create value for shareholders and other stakeholders despite the unprecedented 2020 caused by the COVID-19 pandemic.
KUALA LUMPUR: A surge in the share prices of Axiata and Digi following the announcement of a merger sent the FBM KLCI higher in early Friday trade.
Digi, Petronas Gas and GentingM helped the FBM KLCI to end above the crucial 1,600 level on Friday as investors sentiment perked up following the improved key Asian markets.