KLCI higher as foreign selling slows; Digi up

-A +A

KUALA LUMPUR (July 17): The FBM KLCI rose 1.17 points or 0.07% as foreign selling of Malaysian shares slowed.

At 12:30pm, the KLCI settled at 1,727.84 points, as index-linked stocks Digi.Com Bhd and Tenaga Nasional Bhd climbed among Bursa Malaysia top gainers.

According to Rakuten Trade Sdn Bhd vice president of research Vincent Lau, "the KLCI's gain was mainly due to the slowdown in foreign selling".

Across Bursa Malaysia, 1.32 billion shares worth RM939.87 million were traded. Digi.Com Bhd shares added 27 sen to RM4.54, while Tenaga climbed eight sen to RM14.72.

Digi shares rose today after the mobile telecommunication network provider declared on Friday, a tax-free dividend of 4.9 sen a share for financial year ending Dec 31, 2018.