Tuesday 23 Apr 2024
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KUALA LUMPUR (Nov 16): The FBM KLCI fell in early trade today in line with most global markets that were rattled by the deadly terrorist attacks in Paris last week.

At 9.01am, the FBM KLCI fell 10.07 points to 1,648.84.

The top losers included Petronas Gas Bhd, British American Tobacco (M) Bhd, Hong Leong Bank Bhd, Public Bank Bhd, PPB Group Bhd, Petronas Dagangan Bhd, MISC Bhd, Telekom Malaysia Bhd and UMW Holdings Bhd.

U.S. stock futures were sharply lower and the euro skidded in early Asian trading on Monday in the wake of Friday's deadly attacks in Paris, with stocks expected to take their cue from poor investor appetite for risk after the assault and Wall Street's steep losses, according to Reuters.

S&P 500 futures were down 0.8 percent, after shedding about 1 percent in light volume in late trading on Friday. News of the attacks by gunmen and bombers that killed 132 people in the French capital came after U.S. markets closed for the day, it said.

JF Apex Securities Research in a market preview today said US markets tumbled on Friday following lower oil prices and softer retail sales.

Similarly, it said European equities declined on falling commodities and slower French GDP.

“On the local market, the FBM KLCI dropped 4.29 points to 1658.91 points to extend its selldown.

“Following the bearish performance in the US and Europe, we expect the KLCI to be negative with support around 1650 points,” it said.

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