KUALA LUMPUR: Late fund buying of Public Bank and a recovery in Tenaga Nasional enabled the FBM KLCI to close higher on Wednesday ahead of the signing of phase one of the US-China trade deal.
At 5pm, the KLCI was up 4.54 points or 0.29% to 1,585.14. Turnover was 2.54 billion shares valued at RM1.67bil. There were 339 gainers, 471 losers and 423 counters unchanged.
What made investors concerned was after the US warned that tariffs on Chinese goods will remain in place, according to wire reports, which dampened investor appetite for equities.
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