KLCI ekes out gains as regional markets trade mixed

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KUALA LUMPUR: The FBM KLCI see-sawed between gains and losses before closing higher on Tuesday amid mixed trading across regional markets.

The benchmark index closed up 1.65 points, or 0.11% to 1,497.68 after moving between its intraday high of 1,501.03 and low of 1,495.0.

In terms of fund flows, foreign funds and retailers were net buyers on Monday acquiring equities worth RM14mil and RM39mil respectively.Amlex was the top gainer on Bursa Malaysia, rising 24 sen or 52.17% to RM52.17, followed by F&N which added 22 sen to RM22.78 and PETRONAS Gas which gained 18 sen to RM17.30.lost 50 sen to RM31.90 and Rapid eased 30 sen to RM12.80.

“Europe is seeing minor losses on the open, offsetting some of the small gains in choppy trade at the start of the week. This follows a similarly choppy session in the US on Monday as the Dow flirted with exiting correction territory and the Nasdaq bear market territory.

 

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