Friday 29 Mar 2024
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KUALA LUMPUR (Aug 24): The FBM KLCI is expected to to open lower today, taking its cue from the overnight fall at most global markets rattled by a threat by the sitting U.S, President to shut down his government.

Meanwhile, the corporate earnings so far reported on Bursa Malaysia have a produced a mixed bad of results, thus lending little or no support at all.

Stocks on Wall Street, the dollar and Treasury debt rates all fell on Wednesday after U.S. President Donald Trump's threat to shut down the government and nix a trade accord with Canada and Mexico gave investors pause.

European equities shrugged off a survey that showed euro zone manufacturing businesses in August had their best month of growth in six and a half years, it said.

On Wall Street, the Dow Jones Industrial Average closed down 87.80 points, or 0.4 percent, to 21,812.09. The S&P 500 lost 8.47 points, or 0.35 percent, to 2,444.04 and the Nasdaq Composite dropped 19.07 points, or 0.3 percent, to 6,278.41, said Reuters.

Based on corporate announcements and news flow yesterday, companies in focus today may include: UOA Development Bhd, Hua Yang Bhd, UEM Sunrise Bhd, IHH Healthcare Bhd, Hap Seng Plantations Bhd, TH Heavy Engineering Bhd, IJM Corp Bhd, Magnum Bhd, Econpile Holdings Bhd, IJM Plantations Bhd, Dayang Enterprise Holdings Bhd, Genting Plantations Bhd and D&O Green Technologies Bhd.

 

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