Highlights

• Share prices were traded marginally lower on lacklustre buying sentiment for blue chips and select heavyweights, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 0.16 of a point to 1,769.93 after opening 2.35 points lower at 1,767.74.
• The ringgit opened higher against the US dollar today on short covering.
• The FTSE Bursa Malaysia KLCI futures (FKLI) contract on Bursa Malaysia Derivatives opened lower Thursday with one contract month traded.
• Gold futures contract on Bursa Malaysia Derivatives opened mostly lower Thursday with five contract months traded.
• Malaysia’s growth, development and deficit ambitions remained on track is an indication of the government’s continued focus on fiscal consolidation.
• Brahim’s Holdings Bhd is on hold call with an unchanged target price of RM1.43, following the company’s memorandum of understanding (MoU) with Servair Investissements Aeroportuaires (SIA), a subsidiary of Serveair which in turn is a subsidiary of Airfrance.
• CIMB Group is downgraded with ‘sell’ call from ‘neutral’ and a target price (TP) of RM5.20, on the bank’s higher loan provisioning and softer revenue growth expectations ahead.