Friday 29 Mar 2024
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KUALA LUMPUR (July 15): The FBM KLCI rebounded in early trade today in line with the firm overnight closing at Wall Street and advance at regional markets this morning.

At 9.01am, the FBM KLCI rose 5.01 points to 1,659.79.

The early gainers included British American Tobacco (M) Bhd, Petronas Gas Bhd, Genting Plantations Bhd, PPB Group Bhd, Hong Leong Financial Group Bhd, Lafarge Malaysia Bhd, MISC Bhd, Kuala Lumpur Kepong Bhd, Malayan Banking Bhd and Petronas Chemicals Group Bhd.

Asian shares rose to eight-month highs on Friday, on track for solid weekly gains, as record highs on Wall Street offset the impact on sentiment of an attack in France that lifted the safe-haven yen, according to Reuters.

An attacker killed at least 73 people and injured scores when he drove a truck at high speed into a crowd watching Bastille Day fireworks in the French Riviera city of Nice late on Thursday, it said.

JF Apex Securities Research in a market preview today said US markets rose for a fifth day to extend their record high levels after England's central bank hinted at looser monetary policy next month.

It said that similarly, European equities climbed after Bank of England surprised investors by holding interest rates instead of cutting them.

“On the local market, the FBM KLCI lost 5.61 points to 1654.78 points.

“Following the positive performance in the US and Europe, we expect the FBM KLCI to be buoyant but hover below the resistance of 1665 points,” it said.

 

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