It said, “We anticipate that several hundred people will be impacted globally.”
KUALA LUMPUR: The FBM KLCI opened lower on Friday as investors took profit while evaluating the Federal Reserve's interest rate outlook in light of recent inflation and labour market data.
The bank fell 16 sen, or 3.5%, to RM4.41 with 27.1 million shares traded, while LPI slid 40 sen, or 3.08%, to RM12.58 with 410,500 shares exchanged., which fell nine sen to RM2.60, and Frontken, which lost eight sen to RM3.70. Public Invest Research noted that the FBM KLCI might open lower today as US stocks edged back from their records Thursday after reports showed inflation was a touch warmer last month than expected and more workers filed for unemployment benefits last week.
“Therefore, any pullback may be shallow with bouts of bargain hunting to maintain much of the key index’s recovery from the 1,630 level.
FBM KLCI KLCI Bursa Malaysia Public Bank LPI Capital
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