Friday 29 Mar 2024
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KUALA LUMPUR (Dec 10): The FBM KLCI is expected to start the week on a lacklustre note and stay below 1,700-points, taking cue from the weaker close at most global markets as concerns over US-Sino trade spat still weighs on investor sentiment.

Concerns over China-U.S. trade tensions gave European shares their worst week of losses in two months and sank U.S. stocks on Friday, overshadowing the lift from higher oil prices and jobs data, according to Reuters.

While Europe was higher on the day with a small recovery after three sessions of heavy losses, the trade standoff between Washington and Beijing was still a major lingering worry for investors, it said.

The Dow Jones Industrial Average fell 558.72 points, or 2.24 percent, to 24,388.95, the S&P 500 lost 62.87 points, or 2.33 percent, to 2,633.08 and the Nasdaq Composite dropped 219.01 points, or 3.05 percent, to 6,969.25, said Reuters.

Based on corporate announcements and news flows last Friday, stocks on focus today may include: Scomi Group Bhd, YTL Corp Bhd, Astro Malaysia Holdings Bhd, D’Nonce Technology Bhd, T7 Global Bhd and Meda Inc Bhd.

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