Friday 19 Apr 2024
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KUALA LUMPUR (June 15): The FBM KLCI remained in negative zone at mid-morning today as local sentiment stayed wary in line with the tepid regional markets.

At 10am, the FBM KLCI was down 0.27 points to 1,625.84.

The losers included British American Tobacco (M) Bhd, Malaysia Airports Holdings Bhd, Sarawak Plantation Bhd, Bursa Malaysia Bhd, PPB Group Bhd, Westports Holdings Bhd and Public Bank Bhd.

The actives included Sanichi Technology Bhd, LKL International Bhd, Bumi Armada Bhd, SapuraKencana Petroleum Bhd, AirAsia Bhd and Vivocom International Holdings Bhd.

The gainers included Dutch Lady Milk Industries Bhd, Nestle (M) Bhd, United U-Li Corp Bhd, Hong Leong Bank Bhd, Petronas Gas Bhd, LPI Capital Bhd, Scientex Bhd, Hong Leong Industries Bhd and Malayan Banking Bhd.

Asian shares dipped to near three-week lows while safe-haven assets such as US bonds and the yen were in demand on Wednesday on growing anxiety Britain will choose to leave the European Union next week, according to Reuters.

Mainland Chinese shares, among Asia's worst performers this year, could also come under pressure after US index provider MSCI did not add domestic Chinese equities to its global emerging markets benchmark index, despite expectations it would, it said.

Hong Leong IB Research said albeit yesterday's Hammer candlestick indicating the likelihood of technical rebound, the rebound is not convincing amid still falling oscillators, correction in oil prices, weakening ringgit, decline in US stocks, jittery sentiments ahead of Federal Open Market Committee meeting this week, as well as uncertainty surrounding the looming Brexit referendum on June 23.

 

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