Blue chips eke out slight gains, Hong Leong Bank up

TheStar Tue, Sep 22, 2020 09:27am - 3 years View Original


KUALA LUMPUR: Bursa Malaysia started Tuesday on a weak note after the overnight fall on Wall Street as the FBM KLCI traded in a narrow range in the absence of convincing catalysts to spur buying interest.

At 9.14am, the FBM KLCI was up a mere 0.02 of a point to 1,499.45. Turnover was 665.02 million shares valued at RM276.91mil. Decliners beat advancers more than two to one or 353 losers to 165 gainers and 329 counters were unchanged.

Asian stocks dipped at the open after US equities slid on concerns over coronavirus restrictions and prospects for economic stimulus. The dollar was steady after posting the biggest gain in three months, Bloomberg reported.

At Bursa on Monday, local institutions were net buyers at RM257.7mil while local retail investors stepped back from their buying to turn net sellers at RM1.7mil while foreign funds continued to put pressure on equities with net selling at RM256mil.

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