Friday 29 Mar 2024
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KUALA LUMPUR (Nov 30): The FBM KLCI dipped 0.42% at the opening bell today in line with nervy regional markets, weighed by key blue chips.

At 9am, the FBM KLCI lost 7.18 points to 1,675.41.

The top losers included Petronas Dagangan Bhd, Kuala Lumpur Kepong Bhd, British American Tobacco (M) Bhd, Tenaga Nasional Bhd, Hong Leong Bank Bhd, Genting Plantations Bhd, IHH Healthcare Bhd, Uzma Bhd and Malayan Banking Bhd.

Asian shares were on edge on Monday after a sharp fall in Chinese markets in the previous session, while the euro hovered near seven-month high as the currency braced for the European Central Bank's monetary easing later this week, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent as South Korean stocks fell 0.9 percent, it said.

JF Apex  Securities Research in a market preview today said US markets ended mixed on Friday with low trading volume as trading resume after Thanksgiving holiday.

Meanwhile, it said European equities closed lower after Chinese markets plunged as regulators investigate stockbrokers on alleged violation of trading rules.

“On the local market, the FBM KLCI shed 0.50 points to 1682.59 points.

Following the lackluster performance in the US, we expect the FBM KLCI to extend its sideways trend below the psychological level of 1700 points,” it said.

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