KLCI kicks off Friday in lacklustre trade


KUALA LUMPUR: The FBM KLCI started off Friday in lacklustre trade following the Christmas celebration as a few regional equities were shut down for the holidays.

At 10.11am, the KLCI was down 0.28 of a point to 1,749.46. Turnover was 148.61 million shares valued at RM123.38mil. There were 151 gainers, 163 decliners and 185 counters unchanged.

Reuters reported Japanese annual core consumer inflation slowed for a fourth straight month in November due largely to sliding oil prices, highlighting the challenges the central bank faces in achieving its 2% inflation target.

Factory output unexpectedly fell and household spending remained weak, separate data showed, suggesting that any rebound in the economy from recession will be mild and fragile.

 Locally, BIMB Research said in a note that it expects trading to be lackluster today following the Christmas celebration, where the KLCI is expected to hover within the 1,800 levels.

At Bursa Malaysia, IJM Fell eight sen to RM6.52 and BJFood nine sen to RM3.04.

KL Kepong fell 38 sen to RM21.50 and PPB 16 sen to RM13.86.

Gainers were PetDag rose 12 sen to RM17.20 and PBBank 10 sen to RM18.

United Plantations rose 30 sen to RM24.26 and BAT 24 sen to RM64.14.

Ibraco rose 12 sen to RM1.63.

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