Thursday 28 Mar 2024
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KUALA LUMPUR (Feb 9): The FBM KLCI reversed its gains at mid-morning on Monday as regional markets turned wobbly.

At 10.02am, the FBM KLCI fell 4.61 points to 1,808.64.

The top decliners included Petronas Gas Bhd, Petronas Dagangan Bhd, Kuala Lumpur Kepong Bhd, PPB Group Bhd, UMW Holdings Bhd, Hap Seng Plantations Bhd, Tan Chong Motor Holdings Bhd and Genting Plantations Bhd.

The actively traded counters included Asia Bio Energy Technologies Bhd, Sumatec Resources Bhd, KNM Group Bhd, Kronologi Asia Bhd, Hovid Bhd, Alam Maritim Resources Bhd and Perisai Petroleum Teknologi Bhd.

The gainers included Nestle (M) Bhd, Guiness Anchor Bhd, Tenaga Nasional Bhd, Carlsberg Brewery (M) Bhd, Pos Malaysia Bhd, Encorp Bhd, Kulim (M) Bhd and Unisem (M) Bhd.

Asian shares wobbled on Monday after dismal Chinese trade data eclipsed a strong U.S. jobs report, raising concerns about a deepening slowdown in the world's second-largest economy and sending the Australian dollar sliding, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent with Australian shares down 0.5 percent in early trade. U.S. stock futures also shed 0.4 percent, it said.

BIMB Securities Researh said that in Asia, key indexes ended mostly positive lasy Friday with buying in energy sectors.

Locally, it said the FBM KLCI ended higher, gaining 10.04 points or 0.56% to 1,813.25, lifted mainly by Media and O&G stocks.

“Trading participation saw net selling by foreign institutions and local retail while local institutions were net buyers.

“We expect the local market to remain flat today due to lack of fresh catalysts with the index hovering in the region of 1,810-1,815,” it said.

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