KUALA LUMPUR, June 12 (Bernama) -- Selected blue-chip counters trading at attractive valuations helped Bursa Malaysia close higher on Friday, despite cautious market sentiment driven by developments in West Asia, volatility in crude oil prices and uncertainty over the global interest rate outlook. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 4.10 points or 0.24 per cent to 1,683.63 compared with Thursday's close of 1,679.53. The key index opened 5.34 points stronger at 1,684.87 earlier today and moved between 1,679.72 and 1,685.39 throughout the session. Market breadth was negative, with losers leading gainers 533 to 479, while 561 counters were unchanged, 1,130 untraded and 33 suspended. Turnover fell to 2.79 billion units worth RM2.31 billion from 3.32 billion units worth RM2.88 billion yesterday.
Local retailers extended their net buying streak for the third consecutive week on Bursa Malaysia, with RM105.4 million in net inflows for the week ended July 25, according to MBSB Investment Bank Bhd (MBSB IB).
Key Highlights:
Foreign funds: Continued net selling for the third week, but at a slower pace with RM89.9 million outflow (vs. RM206.1 million prior week).
Net inflow days: July 23 (+RM97.3m) and July 24 (+RM22.6m).
Biggest foreign inflows by sector:
Transportation & Logistics: +RM158.7m
Utilities: +RM69.5m
Construction: +RM51.4m
Largest foreign outflows:
Financial Services: -RM174.1m
Technology: -RM80.8m
Telecommunications & Media: -RM70.8m
Local institutions: Extended net selling to two weeks, though outflows eased to RM15.5m (vs. RM33.3m last week).
Trading activity: Average daily volumes slipped across all investor groups:
Foreign investors: -5.5%
Local retailers: -2.1%
Local institutions: -0.8%
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