Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (July 8): The FBM KLCI opened lower today in line with the decline at most regional markets, weighed by losses at select blue chips.

At 9.01am, the FBM KLCI fell 6.20 points to 1,706.10.

The top losers included Lingkaran Trans Kota Holdings Bhd, Public Bank Bhd, PPB Group Bhd, Tan Chong Motor Holdings Bhd, Far East Corporation Bhd, Telekom Malaysia Bhd, AMMB Holdings Bhd, UEM Edgenta Bhd, Astro Malaysia Holdings Bhd and Cahya Mata Sarawak Bhd.

Asian shares fell on Wednesday as investors fretted over Greece's debt crisis and a recent plunge in Chinese stocks, while the euro steadied, according to Reuters.

Euro zone members gave Athens until the end of this week to propose reform measures in order to secure the funding it needs to stay in the euro zone, it said.

Hong Leong IB Research in a market preview today said that following a two-day 23.8 points drop, the FBM KLCI’s near-term technical outlook has weakened, supported by negative daily indicators and lingering local and external woes.

“Stiff resistance levels are 1730 (30-d SMA), 1746 (61.8% FR) and 1769 (50% FR) whilst supports fall on 1700 and 1688,” it said.

      Print
      Text Size
      Share