Higher on selected buying

BURSA Malaysia finished higher, supported by buying interests in selected key heavyweights, mainly Petronas-linked stocks.

The FBM KLCI settled at 1,880.49, up 1.73 points from Monday’s close of 1,878.76. The key index, despite weak opening and cautious trading, moved to as high as 1,885.12 in the morning session.

PetGas rose 54 sen RM18.54, PetDag increased 70 sen to RM26.78 andPChem added six sen to RM8.51.

Inter-Pacific Securities Sdn Bhd Head of Research, Pong Teng Siew, said the market was cautious following Bursa Malaysia’s introduction of intra-day short selling (IDSS) on Monday as part of the exchange’s strategy to boost market liquidity. — Bernama

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