Thursday 25 Apr 2024
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KUALA LUMPUR (June 13): The FBM KLCI fell 0.95% at mid-morning today as key blue chips skidded in line with the slip at regional markets.

At 10am, the FBM KLCI lost 15.46 points to 1,625.76.

The top losers included British American Tobacco (M) Bhd, Petronas Gas Bhd, DanaInfra Nasional Bhd, Petronas Dagangan Bhd, Hong Leong Financial Group Bhd, Kuala Lumpur Kepong Bhd, PPB Group Bhd, Maxis Bhd, UMW Holdings Bhd and Axiata Group Bhd.

The actives included SapuraKencana Petroleum Bhd, Borneo Oil Bhd, AirAsia X Bhd, Vsolar Group Bhd, Bumi Armada Bhd, Trive Property Group Bhd, AirAsia Bhd and Iris Corp Bhd.

The gainers included Dutch Lady Milk Industries Bhd, Oriental Holdings Bhd, MNRB Holdings Bhd, Johore Tin Bhd and Kobay Technology Bhd.

Asian shares and sterling skidded in early Asian trade on Monday and the perceived safe-haven yen rose, as investors fretted ahead of this week's central bank meetings as well as Britain's June 23 referendum on whether to remain in the European Union, according to Reuters.

Also adding to the grim US mood, a man armed with an assault rifle killed dozens at a packed gay nightclub in Orlando, Florida on Sunday, which President Barack Obama described as an act of terror and hate and an attack on all Americans, it said.

Hong Leong IB Research said that in the coming week ahead, it expects the FBM KLCI to see further selling pressure, as indicated by the bearish reversal candlestick pattern, ‘Evening Doji Star’, amid falling oscillators.

“Moreover, global sentiment remains jittery ahead of FOMC meeting on 14–15 this week; uncertainty surrounding the looming BREXIT referendum on June 23; as well as declines in crude oil prices from its multi-month highs,” it said. 

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