Friday 29 Mar 2024
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KUALA LUMPUR (July 23): The FBM KLCI fell 0.54% at mid-morning today, weighed by losses at select blue chips tracking regional markets and the negative overnight close at Wall Street.

At 10am, the FBM KLCI fell 9.21 points to 1,713.23.

The top losers included British American Tobacco (M) Bhd, Danainfra Nasional Bhd, RHB Capital Bhd, Far East Corporation Bhd, Petronas Chemicals Group Bhd, Maxis Bhd, Axis REIT, Aeon Credit Services (M) Bhd, Hong Leong Bank Bhd, Time Dotcom Bhd, Tan Chong Motor Holdings Bhd and Tenaga Nasional Bhd.

The actives included GPA Holdings Bhd, Denko Industrial Corporation Bhd, Vsolar Group Bhd, Scanwolf Corporation Bhd, Frontken Corporation Bhd and Zelan Bhd.

The gainers included Nestle (M) Bhd, Tahps Group Bhd, Latitude Tree Holdings Bhd, V.S. Industry Bhd, Top Glove Corporation Bhd and UEM Edgenta Bhd.

Asian shares edged down in early trading on Friday, on track for a weekly loss, while U.S. jobs data underpinned the dollar as it bolstered bets that the U.S. Federal Reserve is on track to hike interest rates later this year, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.2 percent in early trading, on course for a weekly loss over 1 percent, it said.

Hong Leong IB Research said on the backdrop of an extended fall on Dow and lack of fresh catalysts coupled with lingering local concerns over political glitches, weakness in Ringgit, falling international reserves, ongoing probes on 1MDB as well as expectations of another challenging upcoming 2Q15 reporting season in Aug, the FBM KLCI was expected to remain choppy in the near term.

 

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