Friday 29 Mar 2024
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KUALA LUMPUR (Jan 13): The FBM KLCI pared some of its losses at mid-morning, but is likely to remain lacklustre as regional and global maket sentiment stay weak.

At 10.05am, the FBM KLCI was down 2.22 points to 1,732.86. The index had earlier slipped to a low of 1,725.98.

The top losers included British American Tobacco (M) Bhd, Petronas Gas Bhd, PPB Group Bhd, Panasonic Malaysia Manufacturing Bhd, Tasek Corporation Bhd, Kuala Lumpur Kepong Bhd, Petronas Chemicals Group Bhd, Malaysia Building Socveity Bhd and Maxis Bhd.

The top actives included Systech Bhd, IFCA MSC Bhd, Hubline Bhd, Privasia Technologies Bhd, AirAsia Bhd, Nova MSC Bhd and Kronologi Asia Bhd.

The gainers included CIMB Group Holdings Bhd, Amway (M) Holdings Bhd, RHB Capital Bhd, AirAsia Bhd, BLI Capital Bhd, Cypark Resources Bhd and Prestariang Bhd.

Asian stocks slipped on Tuesday as a continuing slide in crude oil prices dampened risk appetite, while the dollar nursed losses against the safe-haven yen, accodring to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, it said.

Hong Leong IB Research said that technically, there might be a technical rebound in short term.

“However, the general picture of KLCI remains negative due to the downtrend which is expected to continue until it gives definite reversal signals.

“Hence, any technical rebound will be capped near 1741 and 1746 levels.

“Key short term supports are situated at 1720, 1706, 1700 and 1693,” it said.

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