Saturday 20 Apr 2024
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KUALA LUMPUR (April 20): The FBM KLCI is expected to take a breather and pullback today after having risen to lofty levels, in line with the overnight slump at Wall Street.

Wall Street stocks fell on a broad-based slump in technology stocks and a tumble in consumer staples on Thursday, while oil prices softened and other commodities went on a wild ride, according to Reuters.

Rising U.S. Treasury yields widened the curve slightly after nine days of flattening, and supported a stronger dollar, it said.

The Dow Jones Industrial Average fell 116.23 points, or 0.47 percent, to 24,631.84, the S&P 500 lost 18.31 points, or 0.68 percent, to 2,690.33 and the Nasdaq Composite dropped 57.58 points, or 0.79 percent, to 7,237.66, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include the following: IHH Healthcare Bhd, Maxis Bhd, Hektar Real Estate Investment Trust, British American Tobacco (Malaysia) Bhd, MK Land Holdings Bhd, Handal Resources Bhd, Bina Darulaman Bhd, Destini Bhd, Ikhmas Jaya Group Bhd, Vizione Holdings Bhd and PUC Bhd.  

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