KUALA LUMPUR: Blue chips augmented their decay early Friday taking after the negative geopolitical news and the overnight fall on Wall Street, with Genting Malaysia and Bursa Malaysia among the greatest decliners in the FBM KLCI file. – Stocks Advisory
At 9.19am (stocks advisory),
The KLCI was down 2.6 focuses to 1,735.58. Turnover was 415.13 million shares esteemed at RM106.8mil. Decliners beat advancers 329 to 97 while 249 counters were unaltered.
Real US stock lists fell on Thursday for a third straight day as financial specialists measured profit reports from enormous US banks and geopolitical pressures, while the tech segment fell for a tenth back to back session, Reuters detailed.
The Dow Jones Industrial Average fell 0.67% to 20,453.25, the S&P 500 lost 0.68%, to 2,328.95 and the Nasdaq Composite dropped 0.53%to 5,805.15.
Maybank Investment Bank Research said the KLCI is probably going to retest its quick support at 1,735 in the close term.
An infringement of the level could drag the KLCI towards its past low.
“We anticipate that the KLCI will exchange inside the 1,725 to 1,745 territory today. Support is pegged at 1,735 and 1,710,” said the exploration house.
Bursa Malaysia, which had revived after the surge in exchanging esteem, fell nine sen to RM9.51 yet with just 3,000 shares done. Genting Malaysia lost eight sen to RM5.60 and BAT 10 sen bring down at RM46.80 with 100 shares done.
MPI fell the most, down 18 sen to RM11.04, George Kent nine sen bring down at RM3.95 and Mieco eight sen down at RM2.16.
JHM slid eight sen to RM3.58, augmenting its decay on benefit taking after a week ago’s rally.
Petronas Gas added 12 sen to RM19.86 with 1,200 shares done. KESM rose 10 sen to RM12.04 while EITA crawled up three sen to RM1.99 after the surge on Thursday.
SEG International rose eight sen to RM1.20 after it proposed a five-for-seven reward issue of up to 516.82 million shares.
With respect to ranches, TH Plantations added four sen to RM1.18 while Harisson added three sen to RM3.70.
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