KLCI dips in line with regional retreat

TheEdge Thu, Jan 19, 2017 09:16am - 7 years View Original


KUALA LUMPUR (Jan 19): The FBM KLCI dipped in early trade this morning in line with the retreat at the regional markets.

At 9.10am, the FBM KLCI shed 1.93 points to 1,663.09.

The top losers included WCT Holdings Bhd, PPB Group Bhd, RHB Bank Bhd, Astro Malaysia Holdings Bhd, Public Bank Bhd, AMB Holdings Bhd, Aeon Credit Service (M) Bhd,CIMB Holdings Bhd FCW Holdings Bhd and Tenaga Nasional Bhd.

Asian shares edged lower on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen hinted that interest rates in the United States could rise quickly this year, according to Reuters.

The dollar had been grinding lower in recent sessions, dropping to its weakest levels since early December after U.S. President-elect Donald Trump expressed concerns about a stronger greenback, it said.

US markets ended mixed overnight amid quarterly results, higher inflation and improved industrial production. Earlier, European stocks advanced after several corporate earnings announcement.

On the local bourse, the FBM KLCI added 1.99 points to 1665.02 points after coming off an intra-day high of 1670.59 points. Following the mixed performance in the US and Europe, the FBM KLCI could hover below the resistance of 1680 points.

 

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






Related Stocks

AEONCR 6.270
ASTRO 0.305
CIMB 6.640
FCW 1.020
PBBANK 4.220
PPB 15.380
RHBBANK 5.670
TENAGA 11.380
WCT 0.545

Comments

Login to comment.