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Blue chips perk up, CIMB underpins KLCI's early gains


KUALA LUMPUR: Blue chips perked up in early trade on Thursday, the start to the third quarter of the year, with CIMB underpinning the FBM KLCI’s early advance but the broader market was mixed.
At 9.03am, the KLCI was up 5.32 points or 0.35% to 1, 537.95. Turnover was 232.70 million shares valued at RM90.78mil. There were 179 gainers, 174 losers and 200 couhters unchanged.
Bloomberg reported Asian stocks were mixed Thursday amid a firmer dollar as traders weighed concerns about the more contagious delta strain of Covid-19 and looked ahead to a U.S. payrolls report.
Shares fluctuated in Japan and Australia and edged lower in South Korea. While the S&P 500 eked out an overnight gain, rounding out one of the best first halves since 1998 for U.S. stocks, the recent spread of the virus variant is tempering some of the optimism around the global recovery. ....

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Bursa starts week in the red, uncertainties weigh


KUALA LUMPUR: Bursa Malaysia extended its decline early Monday, as investors’ sentiment was weighed down by uncertainties about the opening up of the economy amid the high Covid-19 infection rates.
At 9.31am, the FBM KLCI fell 18.05 points or 1.16% to 1, 541.63. Turnover was 1.24 billion shares valued at RM511.97mil. The broader market was weak with 770 losers to 48 gainers and 240 counters unchanged.
The performance of Bursa Malaysia continued to lag behind key Asian markets due to continued selling by foreign institutions and local funds.
Foreign funds were net sellers last week at RM469.5mil, local funds at RM110.3mil but local retailers remained net buyers at RM579.8mil, according to MIDF Research. ....

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