Sunday 19 May 2024
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KUALA LUMPUR (Oct 3): The FBM KLCI edged higher this morning, lifted by gains at select index-linked blue chips.

Meanwhile, cloud solutions provider Cloudaron Group Bhd opened 36.36% or 4 sen higher at 15 sen higher on LEAP Market debut.

At 9.05am, the FBM KLCI was up 1.71 points to 1.756.49.

The early gainers included Genting Plantations Bhd, Kuala Lumpur Kepong Bhd, Aeon Credit Service (M) Bhd, Hong Leong Bank Bhd, Lotte Chemical Titan Holding Bhd, Genting Bhd, Heineken Malaysia Bhd, KLCC Property Holdings Bhd, Malaysian Pacific Industries Bhd and Petron Malaysia Refining & Marketing Bhd.

Asian shares tiptoed lower on Tuesday, pressured by weaker oil prices but supported by records on Wall Street and upbeat economic data that lifted U.S. Treasury yields and the dollar, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan percent was down 0.1 percent in early trade, it said.

JF Apex Securities Research in a market preview today said US markets rallied to record highs overnight lifted by gains in financial and healthcare counters.

It said that earlier, European stocks advanced except for Spain due to political instability following Catalonia's independence referendum.

“On the local market, the FBM KLCI shed 0.80 points to 1754.78 points.

“Following the bullish performance in the US and Europe, the FBM KLCI could stage a rebound after testing the support of 1750 points yesterday,” it said.

 

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