Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Aug 6): The FBM KLCI fell 1.05% at the midday break today as utility heavyweight Tenaga Nasional Bhd and telco stocks retreated.

At 12.30pm, the FBM KLCI fell 18 points to 1,707.56.

The top losers included British American Tobacco (M) Bhd, Tenaga, VS Industry Bhd, Sime Darby Bhd, TAHPS Group Bhd, Top Glove Corporation Bhd, Kuala Lumpur Kepong Bhd, Maxis Bhd, DiGi.Com Bhd, DanaInfra Nasional Bhd, Far East Corporation Bhd, IJM Corporation Bhd and Public Bank Bhd.

The actives included The Media Shoppe Bhd, iDimension Consolidated Bhd, APFT Bhd, DiGi.Com Bhd, AirAsia X Bhd, IFCA MSC Bhd, Tiger Synergy Bhd and Ho Wah Genting Bhd.

The top gainers included Amway (M) Holdings Bhd, Petronas Gas Bhd, Cocoaland Holdings Bhd, Scientex Bhd, KLCC Property Holdings Bhd, Guinness Anchor Bhd, Hong Leong Bank Bhd, Karex Bhd and Petronas Dagangan Bhd.

Asian shares were mostly down while the dollar held firm on Thursday after strong US service-sector data and comments from a Fed governor boosted confidence in the economy and fanned expectations of an interest rate hike in September, according to Reuters.

Japan's Nikkei share average rose 0.7% at 0227 GMT while South Korea's Kospi reversed earlier gains to drop 0.7%, it said.

BIMB Securities Research said Asian markets were also mostly firmer yesterday as most rebounded from their lows.

Locally, it said the FBM KLCI ended the day slightly higher at 1,725.56 up 1.83 points.

“However, net foreign flows went negative yesterday at RM58 million after 3 days of net foreign inflows totalling RM242.5 million.

“We would expect the market to stay flattish today with the 1,730 as the immediate resistance,” it said.

 

      Print
      Text Size
      Share