FBM KLCI slides on profit-taking; tech and semiconductor stocks lead gains

📆 07/11/2024 08:01:00
📰 staronline

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FBM KLCI,KLCI,Bursa Malaysia

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KUALA LUMPUR: The FBM KLCI, which opened higher this morning, gave way to profit-taking by midday, while regional markets were mixed as investors assessed the potential impact of a Donald Trump presidency.

Losers thumped gainers at 633 to 359 while 463 counters were unchanged. Turnover stood at 2.32 billion securities valued at RM1.6bil. Malacca Securities said given Wall Street’s strong overnight performance, we believe the"Trump Trade" could spill over to the local bourse, particularly in the technology sector in the near term.

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