Thursday 28 Mar 2024
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KUALA LUMPUR (March 25): The FBM KLCI dipped in early trade on some mild profit taking activities after rising firmly on Tuesday.

At 9.03am, the FBM KLCI was down 1.65 points to 1,812.39.

The early decliners included Tahps Group Bhd, MSC Bhd, Genting Bhd, Hong Leong Capital Bhd, Cahya Mata Sarawak Bhd, Petronas Chemicals Group Bhd, Yee Lee Corporation Bhd, Gas Malaysia Bhd and Axiata Group Bhd.

Asian stocks were steady on Wednesday, caught between conflicting signals from lower Wall Street and higher euro zone shares, while the dollar held to modest gains after a rise in U.S. consumer inflation, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed after a small bounce the previous day. South Korean and Australian shares were effectively flat while Japan's Nikkei inched up 0.2 percent, it said.

BIMB Securities Research in a market preview today said that in Asia, trading was mixed yesterday as profit taking activities gained traction.

“Locally the FBM KLCI was 18.19 points higher at 1,814.04 attributed to foreign buying.

“Yesterday saw a net foreign inflow of RM166.1 million.

“We expect the local bourse to take a breather today with the index to stay flattish,” it said.

 

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