KLCI dips 0.12%, slips below 1,760 level
KUALA LUMPUR (Oct 11): The FBM KLCI dipped 0.12% and slipped below the 1,760-point level at mid-morning.
At 9.59am, the FBM KLCI fell 2.13 points to 1,759.
The top losers included Maxis Bhd, Lii Hen Industries Bhd, Lingkaran Trans Kota Holdings Bhd, Sarawak Oil Palms Bhd, UMS-Neiken Group Bhd, IJM Corporation Bhd, Scientex Bhd and Telekom Malaysia Bhd.
The actives included Hibiscus Petroleum Bhd, Tiger Synergy Bhd, Palette Multimedia Bhd, Cuscapi Bhd, Trive Property Group Bhd, Priceworth International Bhd and KNM Group Bhd.
The gainers included Ajinomoto (M) Bhd, British American Tobacco (M) Bhd, Malaysia Airports Holdings Bhd, Batu Kawan Bhd, Petron Malaysia Refining & Marketing Bhd, Nestle (M) Bhd, Mega First Corp Bhd and Genting Plantations Bhd.
Asian shares rose on Wednesday, tracking Wall Street's rally to all-time highs, while the euro hovered near a 10-day peak after Catalonia's leader talked down immediate plans to secede from Spain, easing near-term concerns about euro zone instability, according to Reuters.
MSCI's broadest index of Asia-Pacific shares outside Japan nudged 0.24% higher to test a recent decade peak of 545.56, it said.
Hong Leong IB Research in a traders' brief said although Wall Street is currently trading at the all-time-zone position, investors may be focusing on the upcoming earnings season in order to get an understanding on the economic activities.
"Banking stocks such as JP Morgan and Citigroup will be expected to announce their quarterly results this Thursday.
"Meanwhile, positive spillover buying interest could be seen on our local bourse following the fresh record position of Wall Street.
"Also, traders may look out for opportunities within the O&G after a sharp rise in crude oil prices and stocks within the lower liners with solid fundamental and solid uptrend move," it said.
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