KLCI rebounds on buying of key heavyweights - Business News - News Summed Up

KLCI rebounds on buying of key heavyweights - Business News


Trading volume was 1.23 billiosn shares with a value of RM1.16bil. There were 406 advancers versus 337 decliners and 375 counters unchanged.Maybank remained under selling pressure following yesterday's selldown as it slipped eight sen to RM1.18. StarBiz had reported yesterday that the country's largest banking group may be financially impacted by its debt exposure to embattled Hyflux in Singapore.However, Axiata, which has been on a slide over six straight sessions and was the leading decliner during Wednesday's market selldown, recovered 22 sen to RM4.52.Other counters that had been facing selling pressure also rebounded. WTI crude slid six cents to US$70.85 a barrel and Brent crude fell 12 cents to US$78.67 a barrel.In currencies, the ringgit moved up slightly against the greenback at 3.9835 and 0.18% against the pound sterling at 5.3264. It weakened 0.11% against the Singapore dollar at 2.9716.


Source: The Star May 25, 2018 04:52 UTC



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