Blue-chip stocks in focus as foreign funds return
28 Aug 2023
THE recent return of foreign funds to the local bourse has fuelled a strong momentum in blue-chip stocks, especially in banking and plantation. Since early July, the Bursa Malaysia Financial Services Index and Plantation Index have gained 7.1% and 5% respectively, contributing to the 6.3% rise in the benchmark FBM KLCI. At the same time, the Technology Index has also delivered a stellar performance, rising 5.9%, though none of the tech stocks is an FBM KLCI constituent.
Low Yen Yeing (2023, August 28) Blue-chip stocks in focus as foreign funds return.
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