Friday 29 Mar 2024
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KUALA LUMPUR (April 2): The FBM KLCI rose at mid-morning today in line with the gains at most regional markets but local sentiment somewhat appeared cautious given the lack of local catalysts.

At 10am, the FBM KLCI was up 5.34 points to 1,831.65.

The top gainers included British American Tobacco (M) Bhd, Super Enterprise Holdings Bhd, Public Bank Bhd, Genting Bhd, UMW Holdings Bhd, Petronas Dagangan Bhd, Berjaya Food Bhd, Westports Holdings Bhd and GD Express Carrier Bhd.

The actives included Ingenuity Consolidated Bhd, Systech Bhd, Xinghe Holdings Bhd, Perisai Petroleum Teknologi Bhd, Privasia Technology Bhd and Kronologi Asia Bhd.

The decliners included Titijaya Resources Bhd, Sunway Bhd, RHB Capital Bhd, Syarikat Takaful Malaysia Bhd, V.S. Industry Bhd and IOI Corporation Bhd.

Asian shares edged up in early trade on Thursday, but gains were tempered by weak U.S. private sector employment and manufacturing data that raised concerns ahead of Friday's key employment figures, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.2 percent in cautious trade, shrugging off modest overnight losses on Wall Street, it said.

JF Apex Securities Research said US markets inched down lower ahead of the monthly employment data tomorrow.

Meanwhile, it said European stocks rose after data on manufacturing activity for the region came in higher than expected.

“Back home, the FBM KLCI dropped 4.47 points to 1826.31 points as investor took profit after the index tested its resistance of 1830 points.

“Following the lackluster performance in the US, we expect the KLCI to consolidate at the moment before re-testing its resistance level,” it said.

 

 

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