Thursday 25 Apr 2024
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KUALA LUMPUR (June 29): The FBM KLCI edged up in early trade this morning on some mild window dressing activities but gains may be limited as regional markets remained lacklustre.

At 9.05am, the FBM KLCI gained 0.72 points to 1,666.40.

The early gainers included Aeon Credit Service (M) Bhd, Heineken Malaysia Bhd, Top Glove Corp Bhd, Malaysia Airports Holdings Bhd, Public Bank Bhd, Bursa Malaysia Bdh, Hartalega Holdings Bhd, RHB Bank Bhd, Padini Holdings Bhd and Supermax Corp Bhd.

Asian shares remained near nine-month lows on Friday despite small gains on Wall Street overnight, as ongoing concerns over global trade frictions dampened sentiment, though a move to ease foreign investment curbs in China could boost markets there, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, Australian shares were 0.1 percent higher, while Japan's Nikkei stock index was down 0.2 percent, it said.

JF Apex Securities Research in a market preview said US markets rose overnight following rebound in financial and technology counters.

It said that earlier, European stocks were negative as concerns on trade war continue to linger.

“On the local market, the FBM KLCI ended flat after shedding 0.40 points to 1665.68 points.

“Following the rebound in Wall Street, the FBM KLCI is expected to climb towards 1700 points as window dressing kick in,” it said.

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