Another fallen tree brings traffic to standstill in KL’s Golden Triangle, less than a week after Jalan Sultan Ismail incident
Turnover narrowed to 4.53 billion units worth RM3.01 billion compared to 4.62 billion units worth RM3.27 billion on Friday. He said most Chinese stocks faced downward pressure amid anticipation that the Biden administration will unveil plans this week to increase tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China.
Head of investment research, UOB Kay Hian Wealth Advisors, Mohd Sedek Jantan said market direction in the upcoming week will also be influenced by pivotal events such as the US April Producer Price Index report, scheduled for Tuesday, followed by the Consumer Price Index on Wednesday. As for the actives, MMAG was 17.5 sen stronger at 37.5 sen, MY E.G. added one sen to 99.5 sen, TWL was unchanged at 2.5 sen, Top Glove rose 1.5 sen to 96.5 sen and Eversendai rose 10 sen to 71.5 sen.
Sector-wise, the Financial Services Index gained 32.87 points to 17,555.64, the Industrial Products and Services Index edged up 0.39 of-a-point to 192.66, the Plantation Index inched down 0.26 of-a-point to 7,424.17, and the Energy Index eased 7.31 points to 977.85.
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