Friday 19 Apr 2024
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KUALA LUMPUR (Dec 26): The FBM KLCI dipped in early trade on Friday amidst lackluster sentiment as most several regional markets continued to be shut for the Christmas holidays.

At 9am, the FBMKLCI dipped 2.49 points to 1,747.25, weight by select blue chips.

The top losers included PPB Group Bhd, Berjaya Food Bhd, IOI Corporation Bhd. Tan Chong Motor Holdings Bhd, SapuraKencana Petroleum Bhd, Public Bank Bhd, AirAsia Bhd and Bumi Armada Bhd.

BIMB Securities Research in a market preview Friday said that in Asia, shares traded higher on Wednesday, taking the lead from Wall Street where shares closed at a record level overnight.

“Locally, the FBM KLCI reversed its earlier losses and closed marginally higher ahead of Christmas, boosted by gains in select blue chips and the overall firmer Asian markets.

“The FBM KLCI closed up 0.69 of a points or 0.04% to 1,749.74. We expect trading to be lackluster today following the Christmas celebration,” it said.

 

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