KUALA LUMPUR: Glove makers led the FBM KLCI higher early Monday as investors continued to chase the stocks amid higher target prices by analysts and the Covid-19 pandemic. At 9.06am, the KLCI was up 7.97 points or 0.5% to 1,604.30. Turnover was 1.57 billion shares valued at RM481.49mil. There were 325 gainers, 136 losers and 290 counters unchanged. Top Glove rallied RM1.22 to RM24.20, Supermax RM1.04 to RM18.74, Hartalega 68 sen to RM17.78 and Kossan 60 sen to RM14.10. Last week, foreign funds stepped up their selling on Bursa with net disposal of Malaysian equities at RM906mil but again the selling was well absorbed by local retail investors at RM525.7mil and net buying by local institutions at RM380.3mil. On Friday, foreign funds were net sellers at RM268.8mil and local retail investors took some money off the table with net selling at RM35.7mil but local institutions stepped up with their net buying at RM304.4mil. Kenanga Research said technically speaking, the KLCI seesawed during the week before finishing at 1,596, up 4.5pts or +0.3% week-on-week on Friday.,
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