Higher on late buying
BURSA Malaysia rebounded from earlier losses to close at an intra-day high prompted by late buying support for selected bluechips led by Digi and TNB, dealers said.
The benchmark FBM KLCI rose by 2.63 points to 1,719.86 from last Friday’s close of 1,717.23. The barometer index, which opened 1.14 points higher at 1,718.37, has moved to as low as 1,712.97 at one point.
Volume fell to 1.64 billion units valued at RM1.78bil from last Friday’s 1.83 billion units valued at RM2.52bil.
A dealer said most Asian stocks were in the red yesterday despite the firmer lead from Wall Street last week, dampened by fresh concerns over China’s economic development including its climbing bond yields. – Bernama