Friday 19 Apr 2024
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KUALA LUMPUR (Nov 19): The FBM KLCI is seen starting the week sideways as sentiment may take a breather following US vice president Mike Pence’s scathing attack on China over the weekend at the Apec summit where he said the US was in no rush to end the trade conflict.

The US dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said US interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over US-China trade ties, according to Reuters.

Oil prices steadied but still posted their sixth straight week of losses. Uncertainty over Britain's exit from the European Union clouded currency and other markets, it said.

On Wall Street, the Dow Jones Industrial Average rose 123.95 points, or 0.49%, to 25,413.22, the S&P 500 gained 5.94 points, or 0.22%, to 2,736.14 and the Nasdaq Composite dropped 11.16 points, or 0.15%, to 7,247.87, said Reuters.

Based on corporate announcements and news flow last Friday, stocks in focus today may include Telekom Malaysia Bhd, Mulpha International Bhd, Mudajaya Holdings Bhd, Petronas Chemicals Group Bhd, Kossan Rubber Industries Bhd, Mah Sing Group Bhd, Lafarge Malaysia Bhd, Excel Force MSC Bhd, APM Automotive Holdings Bhd and DBE Gurney Resources Bhd.

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