FBM KLCI slips at midday on profit-taking; Affin Bank rises on acquisition news

Quick Summary:

KUALA LUMPUR: The FBM KLCI reversed its strong start and fell into negative territory by midday as market momentum shifted and selling pressure increased.

Dutch Lady added 28 sen to RM31.28, F&N gained 18 sen to RM30.46 and PIE Industrial rose 13 sen to RM5.29.

At the lunch break, the market barometer was down 3.05 points, or 0.18%, at 1,665.77, after reaching an intra-morning high of 1,671.62.The index opened 1.09 points higher at 1,669.91 this morning.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSingapore

Topics: Bursa Malaysia FBM KLCI KLCI /Business/Business News Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 12:43:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22648211

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