Higher on se­lected buy­ing

The Star Malaysia - StarBiz - - Stocks -

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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