Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 29): The FBM KLCI pared some of its losses at mid-morning today but the consolidation mode at the local bourse prevailed in line with the dip at most regional markets.

At 10.02am, the FBM KLCI was down 3.14 points to 1,679.95. The index had earlier dipped to a low of 1,678.60.

The top losers included Success Transformer Corp Bhd, British American Tobacco (M) Bhd, Petronas Dagangan Bhd, Petronas Gas Bhd, Malaysia Airports Holdings Bhd, Padini Holdings Bhd and Hong Leong Financial Group Bhd.

The actives included TH Heavy Engineering Bhd, Vivocom Intl Holdings Bhd, AirAsia X Bhd, Bumi Armada Bhd, Perisai Petroleum Teknologi Bhd, Iris Corp Bhd, PDZ Holdings Bhd, Dagang NeXchange Bhd and Asia Media Group Bhd.

The top gainers included Dutch Lady Milk Industries Bhd, Ajinomoto (M) Bhd, DHSK Holdings (M) Bhd, KESM Industries Bhd, United Plantations Bhd, Pos Malaysia Bhd, Hong Leong Industries Bhd and Gadang Holdings Bhd.

Most Asian share markets slipped on Monday while the US dollar held firm on Monday after US Federal Reserve Chair Janet Yellen indicated an interest rate increase remains on the cards for this year, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.7%, it said.

Hong Leong IB Research said it expects ongoing consolidation mode to prevail amid growing voices of a possibility Fed rate hike in September as well as focus on the peak of ongoing Aug reporting season, given that a flurry of big caps results that could trigger volatility in a lackluster market.

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