Friday 29 Mar 2024
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KUALA LUMPUR (June 30): The FBM KLCI rose at mid-morning today in line with the recovery at most regional markets, lifted by select blus chips on bargain hunting activities.

At 10am, the FBM KLCI rose 4.54 points to 1,696.46.

The top gainers included Fraser & Neave Holdings Bhd, Tan Chong Motor Holdings Bhd, Top Glove Corporation Bhd, Malaysian Pacific Industries Bhd, British American Tobacco (M) Bhd, Xin Hwa Holdings Bhd, Public Bank Bhd, Scientex Bhd and CIMB Group Holdings Bhd.

The actively traded counters traded included Xin Hwa, KNM Group Bhd, Frontken Corporation Bhd, IFCA MSC Bhd, Perwaja Holding Bhd, Privasia Technology Bhd, AirAsia Bhd and Scan Associates Bhd.

The top losers included MSM Malaysia Holdings Bhd, Carlsberg Brweery (M) Holdings Bhd, Guiness Anchor Bhd, IJM Corporation Bhd, Latittude Tree Holdings Bhd, AMMB Holdings Bhd, IGB Corporation Bhd, MMC Corporation Bhd and Boustead Holdings Bdh.

Asian shares edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a looming debt payment, raising the likelihood of the cash-strapped nation's exit from the euro zone.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, while Japan's Nikkei stock index added 0.2 percent.

Hong Leong IB Research reiterated that a breakdown below 1700 would witness the FBM KLCI into freefall territory, with no strong support until 1671 (17 Dec low), especially approaching the upcoming Fitch review and potential “Grexit” in the near term.

“Following the selldown yesterday, key resistances are now revised lower to 1700-1730 territory,” it said.

 

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