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Cách chơi game:FBM KLCI reverses loss, sentiment stays tepid

Cách chơi game:FBM KLCI reverses loss, sentiment stays tepid

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KUALA LUMPUR: The FBM KLCI clawed back to reverse its loss at midday but overall sentiment remained tepid.The 30-stock index climbed 0.81 of a point to 1,469.16 at lunch break. The index had earlier in the morning slipped to a low of 1,460.57.The broader market sagged, with decliners overtaking advancers 400 to 266 while 396 counters were unchanged. Volume was 1.26 billion shares valued at RM640.9mil.Rakuten Trade reckoned sentiment to remain cautious as news that China may see a spike in Covid cases hence expect the index to possibly hover between the 1,460-1,470 range today.Meanwhile, the Brent crude price remained around US$81/barrel as expectations that demand will improve during the winter period may see some accumulation on oil & gas stocks today.Overnight, the Dow Jones Industrial Average fell 348.99 points, or 1.05%, to 33,027.49 — after falling as much as 803.05 points earlier in the session.S&P 500 declined 1.45% to 3,822.39 while the Nasdaq Composite was 2.18% lower at 10,476.12Meanwhile, Mercury Securities thinks that Malaysian stocks will stay flat as investors maintain a cautious position ahead of the long weekend owing to the Christmasholiday on Monday.On Bursa Malaysia, glove makers emerged as the most actively traded counters against the backdrop of a spike in Covid-19 infections in China.Top Glove rose four sen to 79.5 sen with 62.99 million shares done. Careplus added 2.5 sen to 45 sen with 30.9 million shares traded while Supermax gained three sen to 82 sen with 12.66 million shares changed hands.Among the gainers, PPB rose 22 sen to RM17.42, Heineken added 20 sen to RM25.54 and Apollo Food gained 19 sen to RM3.83.Hextar Technologies fell 32 sen to RM16.40, New Hoong Fatt lost 21 sen to RM2.73 and DKSH eased 16 sen to RM4.40.


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