Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 25): The FBM KLCI could remain lacklustre today for the fifth day running in line with the overnight slide at global equity markets.

Stocks around the world fell for a fifth day on Thursday, sliding towards two-year lows, as worries lingered over global economic growth and the scandal over Volkswagen's emissions test cheating rattled Europe's carmakers, according to Reuters.

Government bond prices rose on safety bids, while the US dollar fell against the euro and jumped to a 13-year high against the Norwegian crown after a surprise cut in the oil producer's interest rates, it said.

At the local market, some buying opportunities may emerge after the local bourse had taken a beating over the last four trading days, but may not be sufficient to lift the index out the red given weakness in the global investor sentiment.

Investor sentiment at the local market has also stayed tepid given the several public holidays in September as well as the school holiday break during which investors normally stay on the sideline.

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