KLCI closes higher but broader market weak

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KUALA LUMPUR: The FBM KLCI ended higher on Thursday with steady shopping for from overseas funds but the broader market was weak in keeping with the cautious key Asian markets.

At 5pm, the FBM KLCI was up 6.31 factors or 0.4% to 1,569.51.

Turnover was 3.45 billion shares valued at RM2.14bil. The broader market weakened with 642 losers to 343 gainers and 398 counters unchanged.

Dealers famous that overseas traders had been seen returning to the market and anticipated threat urge for food to enhance as Omicron’s fears subside.

In phrases of fund flows, foreigners and retailers had been internet patrons on Wednesday buying equities value RM76mil and RM3mil respectively.

Local establishments emerged as internet sellers, offloading RM80mil value of equities.

On the exterior entrance, Japan’s Nikkei shed 0.96% to twenty-eight,489.13, South Korea Kospi fell 0.35% to 2,962.09, China’s CSI 300 misplaced 1.64% to 4,765.92 and Hong Kong’s Hang Seng index rose 0.11% to 24,429.77.

Panasonic Manufacturing was the highest gainer on Bursa Malaysia, rising 66 sen to RM29.78, adopted by Fraser & Neave, which climbed 30 sen to RM24.74, and Hong Leong Bank, which rose 30 sen to RM20.

Petronas Gas superior 28 sen to RM17.16, RHB Bank gained 16 sen to RM5.89, Petronas Chemicals added 15 sen to RM9.15 and PPB group rose 14 sen to RM16.80.

Hartalega fell 17 sen to RM5.72, Hong Leong Financial Group misplaced 14 sen to RM18.56 and Inari shed 12 sen to RM3.56.



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