FBM KLCI pares gains after analysts cut index target

FBM KLCI pares gains after analysts cut index target

The Edge Markets - Malaysia·2019-09-04 12:59

KUALA LUMPUR (Sept 4): The FBM KLCI pared gains for a 1.04-point or 0.1% rise at Bursa Malaysia's afternoon break today amid persistent US-China trade war and Brexit concerns and after analysts cut their KLCI targets.

At 12:30pm, the KLCI settled up at 1,592.56 after rising to its intraday high of 1,594.93. Bursa Malaysia top gainers included Kuala Lumpur Kepong Bhd and Petronas Gas Bhd while leading decliners included British American Tobacco (M) Bhd and Telekom Malaysia Bhd.

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