KUALA LUMPUR: MR DIY Group’s share price gained momentum on its trading debut on the Main Market, outperforming the FBM KLCI on Monday as worries about the Covid-18 pandemic plagued the local market.
At 9.23am, the KLCI was down 7.75 points or 0.52% to 1,486.89. Turnover was 1.22 billion shares valued at RM874mil. The broader market was weaker with decliners beating advancers 467 to 175 and 380 counters unchanged.
MR DIY was trading at RM1.73, up 13 sen with 164 million shares done. Shares of the home improvement retailer rose to a high of RM1.80.
On the external front, Bloomberg reported US equity futures started the week on the back foot as a stimulus deal remained elusive and coronavirus infections hit a record for a second day. Asian stocks saw modest gains.
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