Taking some money off the table

TheStar Thu, Dec 17, 2020 09:35am - 3 years View Original


KUALA LUMPUR: Investors took some money off the table early Thursday following the rebound with consumer stocks and glove makers among the biggest decliners.

At 9.15am, the FBM KLCI was down 8.22 points or 0.49% to 1,673.19. Turnover was 1.05 billion shares valued at RM393mil. The broader market was weaker with decliners beating advancers 402 to 258 and 413 counters unchanged.

At Bursa on Wednesday, foreign funds turned net buyers at RM142.7mil and local retail investors at RM26.1mil but local institutions were net sellers at RM168.9mil.

Bloomberg reported Asian stocks were mixed in early trading on Thursday as investors mulled speculation US lawmakers are edging closer to a stimulus deal. Japanese and South Korean shares dipped, while Australian stocks rose

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