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Malaysian shares rise on window-dressing activities

Malaysian shares rise on window-dressing activities

Malaysian shares rose Thursday, buoyed by local funds that bought key stocks to push prices higher before the year's end.
The Kuala Lumpur Composite Index of 100 blue chips climbed 0.5 percent to 1,088.85 points.
Traders said institutional funds conducted window-dressing activities aimed at helping them close their books on a higher note by the end of the year.
Financial stocks were among the most active gainers. Maybank added 0.9 percent to 11.60 ringgit, while Bumiputra-Commerce advanced 0.7 percent to 7.80 ringgit.


Updated : 2021-01-18 06:28 GMT+08:00