News Formal

FBM KLCI slides on profit-taking; tech and semiconductor stocks lead gains

  • 📰 staronline
  • ⏱ Reading Time:
  • 18 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 75%

Markets News

FBM KLCI,KLCI,Bursa Malaysia

PUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.

KUALA LUMPUR: The FBM KLCI, which opened higher this morning, gave way to profit-taking by midday, while regional markets were mixed as investors assessed the potential impact of a Donald Trump presidency.

Losers thumped gainers at 633 to 359 while 463 counters were unchanged. Turnover stood at 2.32 billion securities valued at RM1.6bil. Malacca Securities said given Wall Street’s strong overnight performance, we believe the"Trump Trade" could spill over to the local bourse, particularly in the technology sector in the near term.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banking stocks drive FBM KLCI higher at lunch breakThis year's event features a diverse lineup of 12 movies – including four restored classics, six contemporary flicks and two animated films.
Source: staronline - 🏆 4. / 75 Read more »