Friday 29 Mar 2024
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KUALA LUMPUR (July 23): The FBM KLCI slipped into the negative zone at mid-morning in line with the retreat at most regional markets.

At 10am, the FBM KLCI fell 2.73 points to 1,726.80.

The top losers included Petronas Gas Bhd, Hong Leong Financial Group Bhd, Bintulu Port Holdings Bhd, RHB Capital Bhd, Carlsberg Brewery (M) Holdings Bhd, Petronas Dagangan Bhd and Hong Leong Bank Bhd.

The actives included Datasonic Group Bhd, Perwaja Holdings Bhd, APFT Bhd, China Automobile Parts Holdings Bhd, Kinsteel Bhd and Tiger Synergy Bhd.

The top gainers included United Plantations Bhd, Latitude Tree Holdings Bhd, IQ Group Bhd, Only World Group Holdings Bhd, Panasonic Malaysia Manufacturing Bhd, UMW Holdings Bhd, Datasonic and Telekom Malaysia Bhd.

Asian shares slipped early on Thursday after disappointing earnings from tech giants weighed on Wall Street, while the dollar rebounded on the back of upbeat U.S. economic data, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, it said.

Hong Leong IB Research said the FBM KLCI was likely to be trapped in sideways trading for a while amid the prolonged domestic headwinds.

“Near term key resistances are 1746-1769 while supports fall on 1685-1700,” it said.

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