Thursday 29 Feb 2024
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KUALA LUMPUR (Dec 30): The FBMKLCI started the penultimate trading day of 2014 on a weaker note, in line with tghe lacklustre regional markets.

At 9am, the FBM KLCI fell 2.61 points to 1,765.80.

The top losers included IOI Corporation Bhd, My E.G. Services Bhd, Aeon Credit Services (M) Bhd, Genting Malaysia Bhd, Deleum Bhd, SapuraKencana Petroleum Bhd, Only World Group Holdings Bhd and Hong Leong Financial Group Bhd.

Asian shares got off to a lacklustre start on Tuesday, as a sharp selloff in commodities and political uncertainty in Greece made investors less willing to take risks in the final trading days of 2014, according to Reuters.

Activity was thin ahead of the New Year holiday, with many traders having closed out positions. Japanese markets will be shut from Wednesday to Friday, reopening next Monday, it said.

JF Apex Securities Research said U.S. and European stocks closed mixed on Monday, amid fresh lows on oil prices and renewed political uncertainty in Greece after the country failed to elect a president.

“The FBM KLCI gained 3.97 points or 0.23% yesterday to close at 1768.41 points.

“We expect profit taking to kick in today with renewed concern on slump in oil price and relatively weak market sentiment in overseas markets,’ it said.

 

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