Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Jan 17): The FBM KLCI was up 0.36% at the midday break today, its gains capped as regional markets slipped.

At 12.30pm, the FBM KLCI was up 5.99 points to 1,679.07.

Gainers led losers by 415 to 270, while 355 counters traded unchanged. Volume was 1.32 billion shares valued at RM923.7 million.

The gainers included British American Tobacco (M) Bhd, Carlsberg Brewery Malaysia Bhd, Heineken Malaysia Bhd, Aeon Credit Service (M) Bhd, Genting Bhd, Petronas Dagangan Bhd, KESM Industries Bhd, Pentamaster Corp Bhd and Hartalega Holdings Bhd.

The actives included Sapura Energy Bhd, Bumi Armada Bhd, My EG Services Bhd, Seacera Group Bhd, Destini Bhd, Malakoff Corp Bhd, Tatt Giap Group Bhd and OCK Group Bhd.

The decliners included Malaysian Pacific Industries Bhd, MCT Bhd, Apollo Food Holdings Bhd, Pharmaniaga Bhd, SAM Engineering & Equipment (M) Bhd and JCBNext Bhd.

Asian share markets faltered on Thursday as unease over China's economic outlook eroded early gains, though an anti-climactic end to the latest chapter in the Brexit saga did offer sterling a moment's peace, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1% in thin trade, while E-Mini futures for the S&P 500 slipped 0.3%, the newswire said.

Japan's Nikkei reversed course and dropped 0.3%, it added.

Affin Hwang Capital Research said the FBM KLCI Index lost 6.34 points or 0.38% on Wednesday.

The research house said the index has not been able to put a few strings of green days together for the past two weeks.

It said on a more positive note, in the daily chart, moving average convergence divergence (MACD) has been forming a "bullish divergence", whereby prices are moving sideways but MACD is steadily moving higher, pointing towards building upward momentum.

"Anticipate the FBM KLCI Index to congest sideways with downward bias," it said.

      Print
      Text Size
      Share