Friday 29 Mar 2024
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KUALA LUMPUR (March 30): The FBM KLCI looked poised to end the first quarter of 2018 on a positive note as it edged higher in early trade today.

At 9.05am, the FBM KLCI rose 2.21 points to 1,858.56.

The gainers included Nestle (M) Bhd, British American Tobacco (M) Bhd, Lotte Chemical Titan Holding Bhd, Yinson Holding Bhd, G3 Global Bhd, Kuala Lumpur Kepong Bhd, Hong Leong Bank Bhd and Petronas Gas Bhd.

JF Apex Securities Research in a market preview said US markets rallied overnight following sharp rebounds in technology counters led by Facebook, Apple, Alphabet, Microsoft and Netflix.

It said that similarly, European stocks also advanced due to gains in automotive counters.

“On the local market, the FBM KLCI shed 1.52 points to 1856.35 points.

“Following the bullish performance in the US and Europe, the FBM KLCI is expected to follow suit and rise today with resistance at 1880 points,” it said.

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