Opening Daily Highlight
Mixed
FBM KLCI remained flat
Fri, 06-Oct-2023 08:12 am
by Research Team • Apex Research

Market Thoughts

The U.S. stock market was flat overnight as investors wait for the September jobs report to be released later today. Earlier, European stocks climbed after US Treasury yields came off its 16-year high.

On the local market, the FBM KLCI was flat after shedding 0.24 points or 0.02% to 1415.60 points. Following the recent bearish momentum, the FBM KLCI could take a breather and consolidate above the support of 1393 points.

Among stocks to watch are: Sunway Construction Group Bhd’s joint venture company has won a RM595.38 million contract to design and build a distribution centre warehouse for Daiso Malaysia Group, Waja Konsortium Bhd has secured a contract worth RM279.15 million from TH Tebrau Land Sdn Bhd as the sub-contractor for a housing project in Johor Bahru, Inta Bina Group Bhd’s unit Inta Bina Sdn Bhd has received a RM100.5 million contract to develop a 24-storey commercial building in Shah Alam, Selangor, Vestland Bhd has bagged two design and build contracts worth RM116.1 million, Jasa Kita Bhd is disposing of a parcel of land for a cash consideration of RM43.08 million in a related party transaction.

Sentiment: Neutral
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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.455268 4.488135
EUR 4.716585 4.723137
CNY 0.616518 0.616862
HKD 0.572409 0.576643
SGD 3.318330 3.343262