Thursday 25 Apr 2024
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KUALA LUMPUR (June 29): The FBM KLCI trended lower at the opening today in line with the weker global sentiment, while newly listed Sedania Innovator Bhd was the most actively traded stock.

At 9am, the FBM KLCI was down 1.12 points to 1,709.35.

The top losers included Carlsberg Brewery (M) Holdings Bhd, CIMB Group Holdings Bhd, Tan Chong Motor Holdings Bhd, Gamuda Bhd, Hong Leong Bank Bhd, SCGM Bhd, IFCA MSC Bhd, Malaysia Airports Holdings Bhd and Only World Group Holdins Bhd.

Meanwile, newly listed Sedania Innovator Bhd was teh most actively traded stock and was up 21.05% or 8 sen to 38 sen with 4.39 million shares done.

U.S. stock futures and the euro fell almost 2 percent in early Asian trade on Monday as Greece looks set to default on its debt repayment this week, forcing Athens to impose capital controls to halt bank runs, according to Reuters.

The euro fell as much as 1.9 percent to $1.0955, its lowest level in almost a month. Against the yen, the common currency dropped more than 3 percent to 133.80 yen, a five-week low, it said.

U.S. stock futures dived 1.8 percent, hitting a three-month low, while U.S. Treasuries futures price gained almost two points, said Reuters.

JF Apex Securities Research in a market preview today said US market ended mixed amid corporate earnings and concern on Greece's debt crisis.

In contrast, it said European markets closed higher despite having no resolution in Greece's debt talks.

“On the local market, the FBM KLCI declined 6.34 points to 1710.47 points.

“We expect further downside after Eurozone rejected Greece's request to extend the bailout programme beyond the 30th June deadline.

“Furthermore, the possibility of Fitch downgrade on the country’s sovereign rating also weigh down market sentiment,” it said.

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