KLCI to track global markets, seen hovering below 1,800-point level

TheEdge Wed, Oct 03, 2018 05:43am - 5 years View Original


KUALA LUMPUR (Oct 3): The FBM KLCI is seen hovering below the 1,800-point level today,tracking the overnight close at most gobal markets, exacerbated by tepid local investor sentiment.

Stock indexes around the globe weakened on Tuesday, European assets sold off and Italy's bond yields hit multiyear highs after an Italian lawmaker made anti-euro comments, though Wall Street's blue-chip index bucked the trend and set a new record, according to Reuters.

The MSCI world equity index dipped 0.33 percent, paring Monday's gains that followed the new U.S.-Mexico-Canada trade deal, it said.

The Dow Jones Industrial Average rose 122.73 points, or 0.46 percent, to end at 26,773.94, the S&P 500 dipped 1.16 points, or 0.04 percent, to 2,923.43 and the Nasdaq Composite dropped 37.76 points, or 0.47 percent, to close at 7,999.55, said Reuters.

Based on corporate announcements and news flow yesterday, companies in focus today may include: Key ASIC Bhd, GD Express Carrier Bhd, Malakoff Corp Bhd, DRB-Hicom Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Malton Bhd, Matrix Concepts Holdings Bhd, Mega First Corp Bhd, Sanbumi Holdings Bhd and Sapura Industrial Bhd.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

DRBHCOM 1.460
GDEX 0.180
ICONIC 0.100
KEYASIC 0.050
MALAKOF 0.640
MALTON 0.410
MATRIX 1.800
MFCB 4.340
MHB 0.475
SAPIND 0.855

Comments

Login to comment.