The Bursa Malaysia is rising due to foreign money purchases

[ASEAN NOW Content Team]

 

The FBM KLCI resumed its upward trajectory on Thursday, closing higher as investors' risk appetite was boosted by positive market sentiment.

The benchmark index finished at 1,585.74, up 15.94 points, or 1.02 percent.
It reached a high of 1,590.91 during the day.

On the Bursa Malaysia, there were 580 gainers, 506 losers, and 419 counters that traded unchanged.
4.38 billion shares worth RM3.25 billion were traded.

Political dangers, according to dealers, are fading as a result of recent events, and international investors are returning to the market.

 

In addition, market confidence was boosted by the reopening of new economic sectors amid good progress in vaccines.

 

Local institutions and retailers were net sellers of shares worth RM189 million and RM47 million, respectively, in terms of fund flows on Wednesday.

With total purchases of RM236 million, foreigners emerged as net buyers.

Petronas Dagangan has jumped 78 sen to RM19.80, leading index gainers.
Kuala Lumpur Kepong increased by 40 sen to RM21.30, Hap Seng by 28 sen to RM8.50, and PPB by 20 sen to RM18.56.

Maybank rose 12 sen to RM8.45, while Public Bank rose six sen to RM4.16, and Tenaga rose two sen to RM10.30.