Bursa lacklustre in absence of strong leads

TheStar Tue, Sep 08, 2020 09:37am - 3 years View Original


At Bursa on Monday, local retail investors were net buyers again at RM68.9mil and local institutions at RM3.5mil while foreign funds continued to reduce their shareholdings with net selling at RM72.5mil.

KUALA LUMPUR: Bursa Malaysia was lacklustre in early Tuesday trade in the absence of any strong fresh positive catalysts to spur strong buying interest.

Foreign funds have been quick to latch on to any gains in equity prices to reduce their shareholdings while local retail investors have held steady.

At 9.23am, the FBM KLCI was up just 0.32 of a point or 0.02% to 1,516.70. Turnover was one billion shares valued at RM376.91mil. There were 331 gainers, 236 losers and 344 counters unchanged.

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