Friday 29 Mar 2024
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KUALA LUMPUR (April 27): The FBM KLCI remained in positive territory in line with the uptrend at most global markets, lifted by select blue chips.

At 10am, the FBM KLCI was up 2.09 points to 1,864.67.

The top gainers included Danainfra Nasional Bhd, British American Tobacco (M) Bhd, Batu Kawan Bhd, Petronas Dagangan Bhd, Boustead Holdings Bhd, Telekom Malaysia Bhd, Petronas Gas Bhd and Tenaga Nasional Bhd.

The top actives included Compugates Holdings Bhd, Vsolar Group Bhd, KNM Group Bhd, Systech Bhd, Genetec Technology Bhd, Frontken Corporation Bhd and EA Holdings Bhd.

The top decliners included Guiness Anchor Bhd, Harrisons Holdings Bhd, Bursa Malaysia Bhd, AMMB Holdings Bhd, Axiata Group Bhd, Only World Holdings Bhd and Asia File Corporation Bhd.

Asian shares scaled seven-year highs following stellar earnings from a few U.S. hi-tech giants, but investors were cautious ahead of central bank meetings this week in the U.S. and Japan and on apparent deadlock in Greece's talks with creditors, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was rose 0.3 percent in early trade though Japan's Nikkei slipped 0.4 percent, largely on the yen's gains, it said.

BIMB Securities Research said that in Asia, stocks were broadly higher following the improved performances by major overseas markets.

Locally, it said the FBM KLCI was up by an encouraging 16.50 points to 1,862.58 predominantly from foreign buying.

“Last Friday saw another net foreign inflow of RM82.8 million pushing last week’s total net inflow to RM163.5 million.

“We expect the rush for regional equities to sustain and expect the FBM KLCI to possibly re-test its previous high of 1,896 sooner than anticipated,” it said.

 

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