Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (July 2); The FBM KLCI notched limited gains at mid-morning today as regional markets traded subdued.

At 10am, the FBM KLCI rose 4.03 points to 1,731.99.

The top gainers included Lii Hen Industries Bhd, Time Dotcom Bhd, Hartalega Holdings Bhd, UEM Edgenta Bhd, Hong Leong Industries Bhd, MISC Bhd, Sasbadi Holdings Bhd, Petronas Dagangan Bhd, Latitude Tree Holdings Bhd, LPI Capital Bhd and Century Bond Bhd.

The actives included Multi-Sports Holdings Bhd, IFCA MSC Bhd, Frontken Corporation Bhd, KNM Group Bhd, Scan Associates Bhd, JAKS Resources Bhd, EA Holdings Bhd and Pentamaster Corporation Bhd.

The decliners included Guiness Anchor Bhd, Keck Seng (Malaysia) Bhd, Sarawak Plantations Bhd, UMW Holdings Bhd, MMC Corporation Bhd, MNRB Holdings Bhd and Perak Corporation Bhd.

Asian stocks were subdued on Thursday as Greece's refusal to back down in a standoff with its creditors kept most markets on edge, while the dollar got a boost from upbeat U.S. economic indicators, accoding to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan stood flat. Tokyo's Nikkei climbed 1.3 percent thanks to a weaker yen, while South Korea's Kospi was flat, it said.

BIMB Securities Research said key regional markets closed mostly positive yesterday, but China’s market remains a concern with the SHCOMP down nearly 22% from its mid-June high, pushing it back into bear territory.

“Locally, the FBM KLCI ended sharply higher, up 21.32 points or 1.25% to 1,727.96 with strong buying on telco and healthcare counters, mainly by local institutions.

“We expect the local market to remain positive today following improved investor sentiment and attractive valuations with immediate resistance at 1,735/1,740,” it said.

 

      Print
      Text Size
      Share