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KLCI seen pushing toward breaching 1,800-level in line with global markets

TheEdge Wed, Aug 08, 2018 05:44am - 1 year ago

KUALA LUMPUR (Aug 8): The FBM KLCI is seen pushing toward breaching the psychologically crucial 1,800-point level today, tracking the overnight gains at most global markets.

Equity markets around the world climbed to approach a six-month high on Tuesday, buoyed by a rebound in Chinese stocks, while corporate earnings helped push Wall Street's benchmark S&P 500 index towards record levels, according to Reuters.

Oil prices advanced as the United States' revived sanctions against major crude exporter Iran, it said.

The Dow Jones Industrial Average rose 171.68 points, or 0.67 percent, to 25,673.86, the S&P 500 gained 11.49 points, or 0.40 percent, to 2,861.89 and the Nasdaq Composite added 20.95 points, or 0.27 percent, to 7,880.63, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus Wednesday may include the following: Dufu Technology Corp Bhd, Frontken Corp Bhd, Tien Wah Press Holdings Bhd, Hartalega Holdings Bhd, Uzma Bhd, Inta Bina Group Bhd, Metronic Global Bhd, Advancecon Holdings Bhd, Three-A Resources Bhd, KKB Engineering Bhd, Versatile Creative Bhd and MISC Bhd.

Related Stocks

3A 0.790
ADVCON 0.370
DUFU 4.520
HARTA 5.920
INTA 0.280
KKB 2.240
MISC 7.900
UZMA 0.865


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