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KUALA LUMPUR: Foreign investors remained net sellers of Malaysian equities for the fourth consecutive weeks, but outflow slowed to RM77.9mil against RM173.24mil in the preceding week, according to MIDF Research.
Will the Q1 results season reflect the market’s optimism?
KUALA LUMPUR: The benchmark FBM KLCI is expected to trade higher next week, building on the stronger performance in the equities market, after bouncing off the critical level last week, said an analyst.
It was overall a good week in Malaysian equities although the bourse was a late joiner to the global optimism.
KUALA LUMPUR: Share prices on Bursa Malaysia ended higher on Friday, amid persistent buying interest led by Axiata Group Bhd and Digi.com Bhd on the back of ongoing mega merger talks.
KUALA LUMPUR: Trading interest in the local telco sector single-handedly drove the FBM KLCI higher in the morning session, despite profit-taking in other sectors.
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.