Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Oct 16): The FBM KLCI is expected to start on a lacklustre note today, in line with the overnight fall at most global markets, as sentiment at the world bourses remains jittery with rising geopolitical tensions amid the simmering US-Sino trade conflict.

Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over the pace of global economic growth, with investors flocking to traditional safe-havens like the Japanese and Swiss currencies, as well as gold, according to Reuters.

Oil prices rose as the Saudi-West rift more than offset concerns over slowing demand for oil in the long term, it said.

The Dow Jones Industrial Average fell 89.44 points, or 0.35 percent, to 25,250.55, the S&P 500 lost 16.34 points, or 0.59 percent, to 2,750.79 and the Nasdaq Composite dropped 66.15 points, or 0.88 percent, to 7,430.74, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include Ideal United Bintang International Bhd, Hovid Bhd, Aturmaju Resources Bhd, KiP REIT, Berjaya Media Bhd, Xian Leng Holdings Bhd, Diversified Gateway Solutions Bhd and DBE Gurney Resources Bhd.

      Print
      Text Size
      Share