(Reuters) - As Amazon's Prime Day kicked off the holiday shopping season this week, U.S. consumers are expected to spend a record $18.5 billion using buy now, pay later for purchases in the last quarter of the year, according to projections by data firm Adobe Analytics.
KUALA LUMPUR: The FBM KLCI ended the day higher on Thursday, in line with the positive performance of regional bourses.
In terms of fund flows, foreign investors and local retailers are net buyers, acquiring equities worth RM70mil and RM12mil, respectively, on Wednesday.Among the gainers, Ajinomoto rose 20 sen to RM15.30, PETRONAS Dagangan gained 20 sen to RM18.12, Kuchai added 16 sen to RM2.15 and Heineken climbed 16 sen to RM23.22.
Meanwhile, Teh Li Shian Diona, the youngest daughter of the late Tan Sri Dr. Teh Hong Piow also announced that the Estate and ConTeh intend to undertake a restricted offer for sale of a portion of their Public Bank shares, progressively over a 5-year period and will be in compliance with the Financial Services Act.
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