KUALA LUMPUR (April 9): The FBM KLCI slipped into negative territory in early trade on Monday, in line with its regional peers that mostly fell.
Asian shares fell on Monday as a sharp slowdown in U.S. jobs growth raised concerns about the strength of the world's largest economy, making investors cautious ahead of more U.S. data and earnings as well as figures from China due this week, according to Reuters.
At 9.06am, the FBM KLCI shed 0.79 of point to ,598.08.
Gainers edged losers by 82 to 59, while 100 counters traded unchanged. Volume was 75.68 million shares valued at RM37.42 million.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients on April 9 said The FBM KLCI gained 2.54 points to close at 1,598.87 last Friday.
“The obvious areas for the FBM KLCI are in the 1,562 to 1,590 zone.
“The next resistance levels of 1,598 and 1,609 may see heavy liquidation activities,” he said.
Among the early decliners on Bursa Malaysia were GAB,BHIC, Unisem, BIMB, DRB-Hicom, IOI Corp, Deleum and CSL.
The actives included Naim Indah Corp, Time, SuperComNet SCN< SAAG, Ariantec and Trinity.
Menwhile, the gainers included Dutch Lady, EITA,, HLFG, Parkson, AIRB, Guan Chong, HartaLega , SEGi and RPB.
Asian shares fell on Monday as a sharp slowdown in U.S. jobs growth raised concerns about the strength of the world's largest economy, making investors cautious ahead of more U.S. data and earnings as well as figures from China due this week, according to Reuters.
At 9.06am, the FBM KLCI shed 0.79 of point to ,598.08.
Gainers edged losers by 82 to 59, while 100 counters traded unchanged. Volume was 75.68 million shares valued at RM37.42 million.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients on April 9 said The FBM KLCI gained 2.54 points to close at 1,598.87 last Friday.
“The obvious areas for the FBM KLCI are in the 1,562 to 1,590 zone.
“The next resistance levels of 1,598 and 1,609 may see heavy liquidation activities,” he said.
Among the early decliners on Bursa Malaysia were GAB,BHIC, Unisem, BIMB, DRB-Hicom, IOI Corp, Deleum and CSL.
The actives included Naim Indah Corp, Time, SuperComNet SCN< SAAG, Ariantec and Trinity.
Menwhile, the gainers included Dutch Lady, EITA,, HLFG, Parkson, AIRB, Guan Chong, HartaLega , SEGi and RPB.
