KLCI slides for sixth day as Tenaga falls, Globetronics pressured


KUALA LUMPUR:  Blue chips fell for the sixth straight day early Friday on negative external news, tracking the key regional markets, with power giant Tenaga Nasional weighing on the FBM KLCI while tech company Globetronics continued to come under selling pressure.

Maybank Investment Bank Research recommended a “Sell on Rallies” strategy for Friday. The May 2016 KLCI Futures is at a massive 12.26-point discount against the FBM KLCI, it said. 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Pasukhas climbs 35% on contract news
Ringgit jumps 225 basis points at opening on mixed US economic data
Sustained buying interest boosts FBM KLCI
Trading ideas: Pasukhas, BHIC, JAKS, Protasco, Sarawak Cable, Epicon, Annum, Yinson, Ajinomoto
New warehouses poised to propel Tasco
Australian airport project expected to fuel PGF’s earnings
Epicon exits PN17 category
Duopharma’s new RM578mil contracts a positive
IOIProp to gain from higher wages
BHIC bags Navy submarine job from Mindef

Others Also Read