Investor attention turns to domestic catalysts

Estimate Reading Time: < 1 minute

KUALA LUMPUR: As investors wait in anticipation of the outcome of the US Federal Open Market Committee meeting, attention should be directed to local catalysts and recent agreements penned with China over the weekend.


Malacca Securities Research said in a note it expects traders to focus on the National Energy Transition Roadmap and New Industrial Master Plan blueprints, while it expects the construction sector to rebound amid the potential rally ahead of the budget next month.

At the start of trading, the benchmark FBM KLCI was down 1.27 points to 1,456.72.

CelcomDigi shed five sen to Rm4.43 while Maxis dropped three sen to Rm4.10.

Kuala Lumpur Kepong meanwhile slid four sen to RM21.44 and Sime Darby Plantation lost one sne to RM4.44.


Maybank was down one sen to RM8.92 and Public bank slipped two sen to RM4.18.

There were also declines in tech-related counters including Pentamaster falling seven sen to RM5.32, MPI sliding six sen to RM27.10 and Hextar Technologies dropping 16 sne to RM24.20.

Top actives were Mersec up four sen to 29 sen, KNM rising 0.5 sen to 11 sen and TWL unchanged at 3.5 sen.


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/capitalp/public_html/wp-includes/functions.php on line 5373