Wednesday 08 May 2024
By
main news image

KUALA LUMPUR (April 12): The FBM KLCI dipped at mid-morning today as regional markets remaining subdued.

At 10.01am, the FBM KLCI shed 1.82 points to 1,713.46.

The top losers included Panasonic Manufacturing Malaysia Bhd, Perusahaan Sadur Timah Malaysia (Perstima) Bhd, Top Glove Corporation Bhd, Kuala Lumpur Kepong Bhd, Ajiya Bhd, Genting Bhd, Cahya Mata Sarawak Bhd, Berjaya Sports Toto Bhd and Prestariang Bhd.

The actively traded stocks included Vivocom Intl Holdings Bhd, Sumatec Resources Bhd, AirAsia Bhd, Pesona Metro Holdings Bhd, XOX Bhd and Bumi Armada Bhd.

The gainers included Emas Kiara Industries Bhd, Pestech International Bhd, Alliance Financial Group Bhd, Scientex Bhd, Petronas Gas Bhd, Lafarge Malaysia Bhd, TIME dotCom Bhd, Bursa Malaysia Bhd and Pos Malaysia Bhd.

Asian stocks made a subdued start on Tuesday, with Japanese shares dipping on a bullish yen, while commodities such as crude oil stood tall thanks to a sagging dollar, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was effectively unchanged, it said.

Hong Leong IB Research said it expected the local key index to trend sideway today in the absence of strong fresh leads and amid a small Hammer candlestick which indicates indecision about the future direction of the underlying trend.

"Moreover, traders will continue to stay cautiously over the volatility oil prices and Ringgit as well as concerns on global economic health.

"This week's expected range 1,700–1,730. Today's expected range 1,711–1,725; Resistances 1,721, 1,725, 1,729; Supports 1,711, 1,706, 1,700," it said.

 

      Print
      Text Size
      Share