Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Aug 3): The FBM KLCI remained in negative zone at mid-morning today in line with the weaker risk appetite at most regional markets, weighed by select blue chips.

At 10.02am, the FBM KLCI was down 3.52 points to 1,656.71.

The top losers included Tahps Group Bhd, Rapid Synergy Bhd, British American Tobacco (Malaysia) Bhd, Sime Darby Bhd, AMMB Holdings Bhd, Malaysia Airports Holdings Bhd, Southern Acids (M) Bhd, Lafarge Malaysia Bhd and Hartalega Holdings Bhd.

The actives included Dagang NexChange Bhd, Malaysia Building Society Bhd, Vivocom Intl Holdings Bhd, Inix Technologies Holdings Bhd and AirAsia X Bhd.

The gainers included Dutch Lady Milk Industries Bhd, Panasonic Manufacturing Malaysia Bhd, Nestle (Malaysia) Bhd, DanaInfra Nasional Bhd, Versatile Creative Bhd, Apex Healthcare Bhd, Fraser & Neave Holdings Bhd and George Kent (Malaysia) Bhd.

Asian shares bowed lower on Wednesday while the yen lorded over a weakened US dollar as talk the Bank of Japan may retreat from its massive bond-buying campaign twigged a shakeout in debt markets globally, according to Reuters.

Worryingly for energy shares, the broad-based decline in the dollar was still not enough to spare US crude oil from its first finish under US$40 a barrel since April, it said.

Hong Leong IB Research reiterated its short-term view that the FBM KLCI is likely to hover in range bound consolidation within the 1,640-1,675 band, given the lack of fresh rerating catalysts.

"Overnight fall on Dow and European markets coupled with the extended correction in Brent oil prices (slid 20% from US$52.51 on June 8) will dampen the FBM KLCI performance today, given the ongoing August reporting season," it said.

 

      Print
      Text Size
      Share