Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Oct 24): The FBM KLCI is expected to hover below the 1,700-point level today as the local market is still not out of its bearish trend as well as weighed by the weaker global sentiment.

Wall Street stocks followed Europe and Asia lower on Tuesday as investors fled for safety as they worried about U.S. earnings, Italy's finances and U.S. trade tensions while pressure mounted on Saudi Arabia over the death of journalist Jamal Khashoggi, according to Reuters.

Benchmark U.S. Treasury prices rose, sending yields to their lowest levels in almost three weeks as tumbling equity markets worldwide fed investor demand for low-risk debt, it said.

The Dow Jones Industrial Average fell 368.06 points, or 1.45 percent, to 24,949.35, the S&P 500 lost 45.22 points, or 1.64 percent, to 2,710.66 and the Nasdaq Composite dropped 153.49 points, or 2.06 percent, to 7,315.14, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include Digi.Com Bhd, Dagang Nexchange Bhd (DNex), EITA Resources Bhd, Chin Hin Group Bhd, Lotte Chemical Titan Holding Bhd and London Biscuits Bhd.  

      Print
      Text Size
      Share