Friday 19 Apr 2024
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KUALA LUMPUR (Nov 26): The FBM KLCI fell in early trade today but is expected to notch up some gains in line with regional markets.

At 9am, the FBM KLCI fell 6.27 points to 1,678.15.

The top losers included Malaysian Pacific Industries Bhd, British American Tobacco (M) Bhd, Petronas Dagangan Bhd, Kuala Lumpur Kepong Bhd, UMW Holdings Bhd, Time Dotcom Bhd, Panasonic Malaysia Mnaufacturing Bhd, Lafarge Malaysia Bhd and PPB Group Bhd.

Asian shares advanced in early trade on Thursday, while growing bets the European Central Bank was gearing up to deliver further stimulus steps kept the euro under pressure, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up about 0.4 percent, after Wall Street put in a nearly flat performance ahead of the U.S. Thanksgiving holiday, it said.

JF Apex Securities Research said US markets ended slightly positive on its last trading day of the week following encouraging economic data.

Meanwhile, it said European equities rallied on positive corporate results overshadowing geopolitical concerns.

“On the local market, the FBM KLCI rose 7.39 points to 1684.42 points.

“Following the positive momentum, we expect the FBM KLCI to extend its rebound with resistance at 1700,” it said.

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