Friday 29 Mar 2024
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KUALA LUMPUR (June 15): The FBM KLCI remained in the red at mid-morning as regional markets stayed lacklustre.

At 10am, the FBM KLCI was down 1.94 points to 1,732.43.

The top losers included British American Tobacco (M) Bhd, KESM Industries Bhd, Felda Global Ventures Holdings Bhd, Petronas Dagangan Bhd, Time Dotcom Bhd, Asia File Corporation Bhd, IFCA MSC Bhd, PPB Group Bhd and MBM Resources Bhd.

The actively traded stocks included Asia Media Bhd, IFCA MSC Bhd, Frontken Corporation Bhd, Xinghe Holdings Bhd, Spring Gallery Bhd, Felda Global, Salcon Bhd and Hovid Bhd.

The top gainers included United Plantations Bhd, Rev Asia Bhd, YSP East Asia Holdings Bhd, Pos Malaysia Bhd, LPI Capital Bhd. Berjaya Auto Bhd, Syarikat Takaful Malaysia Bhd, Super Enterprise Holdings Bhd and Malayan Banking Bhd.

Asian shares fell and the euro skidded in Asian trade on Monday, after Greece's talks with lenders to avert a default ended with no agreement and Wall Street logged losses ahead of a Federal Reserve meeting, according to Reuters.

European Union officials blamed the collapse of the talks on Athens, which it said had failed to offer any new concessions to secure funding it needs to repay 1.6 billion euros ($1.79 billion) to the International Monetary Fund by the end of this month, it said.

BIMB Securities Research said the FBM KLCI ended flat last Friday and slid 0.39 points to 1,734.37 on bargain hunting on plantation counters.

“The local market will remain bearish in the short term due to poor investor sentiment and expect the index to hovering at around 1,738 - 1,734,” it said.

 

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