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KLCI expected to resume trade on flat note

TheEdge Wed, Jun 28, 2017 05:27am - 2 years ago


KUALA LUMPUR (June 28): The FBM KLCI is expected to resume trade today after the long weekend on a flat note in line with the overnight close at most global markets.

The euro rose the most in a year against the U.S. dollar on Tuesday after European Central Bank President Mario Draghi fueled market expectations the ECB will reduce stimulus later this year, and the dollar's weakness helped buoy crude prices, according to Reuters.

Stocks on Wall Street finished at session lows after a planned U.S. Senate vote on a healthcare revamp bill was postponed, it said.

Meanwhile, the Dow Jones Industrial Average fell 98.89 points, or 0.46 percent, to 21,310.66, the S&P 500 lost 19.69 points, or 0.81 percent, to 2,419.38 and the Nasdaq Composite dropped 100.53 points, or 1.61 percent, to 6,146.62, said Reuters.

It said the pan-European FTSEurofirst 300 index lost 0.69 percent and MSCI's gauge of stocks across the globe shed 0.48 percent.

Based on corporate announcements and news flow last Friday, stocks in focus today could include Gamuda Bhd, Apollo Food Holdings Bhd, Felda Global Ventures Holdings Bhd, Bina Darulaman Bhd, Wing Tai Malaysia Bhd, Microlink Solutions Bhd, Global Oriental Bhd, Malton Bhd, MCE Holdings Bhd, Berjaya Land Bhd , Vivocom International Holdings Bhd, UMW Oil & Gas Corp Bhd and Carimin Petroleum Bhd.








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