Rally on Bursa halts ahead of Budget announcement

TheStar Fri, Nov 06, 2020 09:28am - 3 years View Original


At Bursa on Thursday, foreign funds turned around to be net buyers at RM140.9mil and retail investors at RM3mil while local institutions were net sellers at RM143.9mil.

KUALA LUMPUR: The rally on Bursa Malaysia on Thursday, driven by foreign buying, came to a halt in early Friday ahead of the Budget 2021 proposals to be unveiled at 4pm.

At 9.17am, the FBM KLCI was down 2.71 points or 0.18% to 1,498.78. Turnover was 804.66 million shares valued at RM462.53mil. There were 247 gainers, 334 losers and 393 counters unchanged.

Bloomberg reported a global equity rally showed signs of stalling after surges for technology and other defensive sectors seen in the wake of the US election.

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