Thursday, 23 February 2017

KLCI dips into red at midday, Axiata weighs

 Hot Stocks

KUALA LUMPUR: The FBM KLCI was not able clutch its slight additions at noontime on Thursday as offering weight pushed it into the red, in accordance with the wary key Asian markets. 

Axiata Group, which is set to report its FY16 comes about, weighed on the KLCI. 

At 12.30pm, the KLCI was down 0.05 of an indicate 1,708.03. Turnover was 1.35 billion shares esteemed at RM1.09bil. The more extensive market was weaker with decliners beating advancers 482 to 259 and 355 counters unaltered. 

Reuters revealed Asian stocks facilitated from a 19-month high on Thursday, while the US dollar made an uneven recuperation from misfortunes endured after Federal Reserve minutes demonstrated a mindful way to deal with raising US loan fees. 

MSCI's broadest record of Asia-Pacific shares outside Japan edged down just about 0.1%, having bounced to its largest amount on Wednesday since July 2015. 


The ringgit solidified against the US dollar and the pound sterling yet slipped against the Singapore dollar and the euro. It rose to 4.4482 against the greenback from 4.4535 and progressed against the pound at 5.5353 from 5.5533.

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