FBM KLCI strikes sideways on lack of route

KUALA LUMPUR: The FBM KLCI hovered above the 1,600 psychological stage as traders awaited contemporary leads amid the continued uncertainty.

At 9.05am, the benchmark index was up 0.87 level to 1,601.66, in step with the gentle rebound in US markets in a single day.

“we anticipate the native bourse to commerce in a consolidation mode as traders mulled over the US hawkish stance in addition to the Russia sanctions.

“However, we imagine the draw back threat could also be cushioned by the restoration in enterprise actions,” mentioned Malacca Securities Analysis in a be aware.

Following a powerful advance within the earlier session, Petronas Chemical substances slid six sne to RM10.12 whereas Kuala Lumpur Kepong dropped 10 sen to RM26.40.

Banks had been additionally seen retreating with CIMB sliding six sen to RM5.29 and Hong Leong Financial institution shedding 10 sen to RM20.32.

Brahim’s plunged seven sen to 4.5 sen on the again of stories its software for a time extension to submit its PN17 regularization plan had been rejected and it could be delisted on April 20 except an enchantment by April 14.

The counter was essentially the most closely traded on Bursa with 47 million models exchanging arms as traders furiously offered down the inventory.

Different prime actives included Yong tai up 0.5 sen to 13 sen and China Ouhua Vineyard rising 0.5 sen to 10 sen.


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