Higher on late buy­ing

The Star Malaysia - StarBiz - - Stocks -

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

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