Friday 19 Apr 2024
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KUALA LUMPUR (June 15): The FBM KLCI slipped in early trade in line with the overall lacklustre sentiment at regional and most global markets.

At 9am, the FBM KLCI shed 1.09 points to 1,733.28.

The top losers included PPB Group Bhd, Carlsberg Brewery (M) Holdings Bhd, Felda Global Ventures Holdings Bhd, Malaysia Airports Holdings Bhd, V.S. Industry Bhd, Axiata Group Bhd, IFCA MSC Bhd, Time Dotcom Bhd, Kulim (M) Bhd and Westports Holdings Bhd.

The euro slipped in early Asian trade on Monday, after Greece's talks with lenders to avert a default ended with no agreement and a downbeat day on Wall Street was also likely to pressure Asian shares, according to Reuters.

U.S. stock futures were down about 0.4 percent, it said.

European Union officials blamed the collapse of the talks on Athens, which it said had failed to offer any new concessions to secure funding it needs to repay 1.6 billion euros ($1.79 billion) to the International Monetary Fund by the end of this month, said Reuters.

JF Apex Securities Research in a market preview today said US markets declined following renewed concern on Greece's debt situation and cautious mood ahead of this week's Federal Reserve meeting.

Similarly, it said European shares ended lower due to the unresolved Greece debt talks.

“Back home, the FBM KLCI was flat after shedding 0.39 points to 1734.37 points.

\“Following the bearish sentiment in Greece, we expect the FBM KLCI to remain lackluster with support at 1730 points,” it said.

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