Friday 29 Mar 2024
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KUALA LUMPUR (Oct 14): The FBM KLCI remained lacklustre at mid-morning today, in line with the mixed regional markets.

At 10.05am, the FBM KLCI inched down 0.6 points to 1,664.42.

The decliners included Heineken Malaysia Bhd, PPB Group Bhd, Scientex Bhd, Genting Malaysia Bhd, Lafarge Malaysia Bhd, Hong Leong Industries Bhd, KLCC Property Holdings and Magna Prima Bhd.

The actives included Nexgram Holdings Bhd, Asia Media Group Bhd, AT Systemization Bhd, Trive Property Group Bhd and Hibiscus Petroleum Bhd.

The gainers included British American Tobacco (M) Bhd, Apex Healthcare Bhd, Pos Malaysia Bhd, Panasonic Manufacturing Malaysia Bhd, Malaysian Pacific Industries Bhd, KESM Industries Bhd, Dutch Lady Milk Industries Bhd and DKSH Holdings (M) Bhd.

Asian stocks edged higher and the dollar bounced on Friday as global markets took a breather after being churned by downbeat Chinese economic data the previous day, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2% in early trade after dropping 1.1% on Thursday. It was headed for a loss of 2.3% on the week, it said.

Hong Leong IB Research said that with the US Dec Fed rate hike probability largely priced in (Bloomberg poll: 65%), the FBM KLCI is likely to lock in range bound consolidation mode within 1,645–1,675 levels, awaiting major outcomes from the upcoming Budget 2017 (Oct 21) and the US Presidential election (Nov 8).

 

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