Friday 29 Mar 2024
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KUALA LUMPUR (June 12): The FBM KLCI pared some of its gains at mid-morning today and was seen consolidating despite the uptrend at most regional markets.

At 10am, the FBM KLCI was up 0.33 points to 1,735.09. The index had earlier risen to a high of 1,740.99.

The top gainers included Berjaya Auto Bhd, Kuala Lumpur Kepong Bhd, Hong Leon Industries Bhd, Hong Leong Bank Bhd, Syarikat Takaful Malaysia Bhd, Y&G Corporation Bhd, Bursa Malaysia Bhd and Petronas Dagangan Bhd.

The actively traded stocks included Vsolar Group Bhd, IFCA MSC Bhd, Hovid Bhd, AirAsia Bhd, Spring Gallery Bhd, Frontken Corporation Bhd and APFT Bhd.

The top losers included Harbour-Link Group Bhd, PPB Group Bhd, MSM Malaysia Holdings Bhd, IFCA MSC, UMW Holdings Bhd and Telekom Malaysia Bhd.

Asia share markets made guarded gains on Friday and the dollar held firm in the wake of reassuringly upbeat U.S. retail data, though the mood was cautious as Greek debt talks took yet another confusing turn, according to Reuters.

Activity was sparse with MSCI's index of Asia-Pacific shares outside Japan up 0.4 percent, but only just above three-month lows, it said.

BIMB Securities Research said that on earlier trading, key regional markets ended mostly higher due to overnight gain in the U.S.

The research house said that locally, the FBM KLCI ended flat, losing 0.05% to 1,734.76, dragged down by tobacco and banking counters.

“Trading participation saw net selling by foreign institutions while local institutions and were net buyers.

“We expect the local market to remain sideways with slight downside bias due to lack of fresh catalysts with the index hovering around 1,730-1,735,” it said.

 

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