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KUALA LUMPUR (Feb 19): The FBM KLCI closed 9.09 points or 0.57% higher today, lifted by gains among component stocks including Kuala Lumpur Kepong Bhd and Nestle (Malaysia) Bhd, amid mixed performance in regional markets. At 5pm, the benchmark index ended the week at 1,584.93, after it had been in the negative zone for three consecutive days.  On a week-on-week basis, however, the KLCI was down 0.9% against last week’s closing of 1,599.42. In a note, Hong Leong Investment Bank analyst Ng Jun Sheng said the benchmark index is vulnerable to further consolidation amid the fourth quarter of 2...

THE first trading week of 2021 has been a volatile one for Bursa Malaysia. Across the stock market, decliners have been thrashing advancers each day of the first trading week. The FBM KLCI slipped below the 1,600-point level by mid-week, although it recouped losses thanks to the 30.24-point push yesterday. Apart from the ongoing political concerns, the key reason for the volatile week was regulated short selling (RSS) activities, which returned after the temporary suspension was lifted from Jan 1. On Jan 4, which was the year’s first trading day, nearly RM1bil worth of shares were short sol...