Friday, 4 September 2015

Muhibbah, Favco in focus but KLCI in the red

Muhibbah Engineering and its associate Favelle Favco were among the top gainers in early Friday trade but the overall market was weaker with the FBM KLCI down nearly six points.

At 9.28am, the KLCI had fallen 5.73 points or 0.36% to 1,597.02. Turnover was 302.74 million shares valued at RM130.23mil.  There were 132 gainers, 183 losers and 174 counters unchanged.

Market mood in key Asian markets was cautious ahead of the release of the US jobs data. Reuters reported the crucial data could offer clues on whether the Federal Reserves will begin raising interest rates later this month.

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