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apple developer:KLCI struggles to maintain momentum

admin2020-12-2563

KUALA LUMPUR: Bursa Malaysia looked undecided in the early morning as it struggled in its bid to extend yesterday's rebound.While opening in positive territory, the FBM KLCI quickly slipped 0.66 points to 1,646.84 after the first five minutes of trading.The indecision tracks Wall Street's mixed performance overnight, with the Dow Jones and S&P500 rising slightly and the Nasdaq in the red.Investor sentiment was rattled by US President Donald Trump's threat to veto a long-awaited Covid aid package, although observers remained somewhat confident that the bill would pass.In Malaysia, traders are betting on the positive momentum to be sustained ahead of the long weekend."We believe market participants are still expecting news flow on the KL-SG HSR as well as LSS4 contracts to surface in the news media in the near term," said Malacca Securities Research.The research house is also bullish on plantations and recovery-themed stocks.It said the higher crude palm oil price could translate to firmer earnings moving forward for plantation companies while health experts have said the vaccines will be effective against the new strain of coronavirus, rekindling trading interest in recovery-themed counters.In early morning trade, leading laggards on the index were Maybank down three sen to RM8.46, Petronas Chemicals falling two sen to RM7.56 and Top Glove sliding one sen to RM6.55.Gainers included Tenaga Nasional up four sen to RM10.72, Hong Leong Bank climbing 16 sen to RM18.68 and Axiata rising two sen to RM3.77.Most traded stocks were Fintec down 0.5 sen to nine sen and Haip Tek unchanged at 46.5 sen.
转载说明:本文转载自Sunbet。,

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