The overall market was slightly positive with 381 gainers compared with 367 decliners, as investors turned their attention to the release of corporate earnings over the coming days.Investor sentiment for global equities have been on a downtrend as recent US economic data suggested that interest rates may need to move higher for longer.
Japan's Nikkei fell 1.3% to 27,104, South Korea's Kospi gained 1% to 2,441 and China's composite index was up 0.1% to 3,293.On the Malaysian market, IHH Healthcare dropped 11 sen to RM5.88 to lead the decline in blue chips. Financial counters were mostly lower with Hong Leong Bank down 18 sen to RM20.20, CIMB shedding one sen to RM5.46 and Public Bank unchanged at RM4.13.Plantations stocks were also down, led by Kuala Lumpur Kepong falling six sne to RM21.26 after the release of its earnings results.Aurelius Tech was a bright spot on the market, having surged 30 sen to RM3.10 while Kotra was also on a hot rally, gaining 29 sen to RM6.35.
Gamuda, which yesterday announced its acquisition of an Australian transport projects business, was up 24 sen to RM4.30.up 0.5 sen to five sen and Zentech down 0.5 sen to three sen.
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