Tenaga, Public Bank underpin KLCI rebound

TheStar Wed, Jan 27, 2021 09:30am - 3 years View Original


Whether the 30-stock index can hold on to its gains remains to be seen due to recent selling by foreign funds towards the close of trading.

KUALA LUMPUR: Tenaga Nasional and Public Bank led the rebound of the FBM KLCI early Wednesday but whether the 30-stock index can hold on to its gains remains to be seen due to recent selling by foreign funds towards the end of the day.

At 9.13am, the FBM KLCI was up 15.77 points or 1% to 1,591.08. Turnover was 393.38 million shares worth RM308.08mil. Advancers beat decliners nearly two to one or 336 gainers to 183 losers and 334 counters were unchanged.

Bloomberg reported Asian stocks were mixed after their biggest slide in two months as investors mulled a slew of earnings reports amid worries over virus variants and hurdles to stimulus. Nasdaq futures climbed.

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