KUALA LUMPUR: The FBM KLCI slipped at mid-morning on Tuesday, April 26 as mild profit taking chipped away its gains from early trade, in line with the generally tepid sentiment at key regional markets.
At 10am, the benchmark index was down 2.49 points to 1,521.56, weighed by losses at blue chips including Genting, Petronas Dagangan, Hong Leong Bank and KLK.
Losers led gainers by 295 to 112, while 234 counters traded unchanged. Volume was 212.06 million shares valued at RM159.28 million.
Asian stock markets inched lower on profit taking on Tuesday while the euro dipped before the this week's Federal Reserve meeting where investors will look for indicators on its plans to exit the ultra-easy monetary policy, according to Reuters.
Investors appeared to be reluctant to wager big bets before the April 26-27 Federal Open Market Committee meeting, it said.
At the regional markets, Japan's Nikkei 225 fell 0.98% to 9,577.64, Hong Kong's Hang Seng Index lost 0.70% to 23,970.54, Singapore's Straits Times Index down 0.27% to 3,179.18, the Shanghai Composite Index shed 0.13% to 2,961.13 and Taiwan's Taiex slipped 0.04% to 8,947.25.
Meanwhile, South Korea's Kospi edged up 0.12% to 2,218.63.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi said that due to the Dow Jones Industrial Average's negative tone last night, the FBM KLCI could remain benign today.
'We expect further range trading for the FBM KLCI. As such, invest with a short-term time horizon,' he said in a note to clients on April 26.
Among the decliners, BAT fell 80 sen to RM46.98, PPB lost 18 sen to RM16.52, HPI 15 sen to RM3.52, Hong Leong Bank and KLK fell 14 sen each to RM10.26 and RM20.74, Nilai 11 sen to 78 sen, Petronas Dagangan 10 sen to RM15.80 and Genting eight sen to RM11.50.
Gainers included Lysaght, ViTrox, Parkson, Allianz and Tradewinds.
The actives included Iris, Tanco, Infortech, Tricubes, Smartag, ConnectCounty, DBE Gurney and Asia Media.
At 10am, the benchmark index was down 2.49 points to 1,521.56, weighed by losses at blue chips including Genting, Petronas Dagangan, Hong Leong Bank and KLK.
Losers led gainers by 295 to 112, while 234 counters traded unchanged. Volume was 212.06 million shares valued at RM159.28 million.
Asian stock markets inched lower on profit taking on Tuesday while the euro dipped before the this week's Federal Reserve meeting where investors will look for indicators on its plans to exit the ultra-easy monetary policy, according to Reuters.
Investors appeared to be reluctant to wager big bets before the April 26-27 Federal Open Market Committee meeting, it said.
At the regional markets, Japan's Nikkei 225 fell 0.98% to 9,577.64, Hong Kong's Hang Seng Index lost 0.70% to 23,970.54, Singapore's Straits Times Index down 0.27% to 3,179.18, the Shanghai Composite Index shed 0.13% to 2,961.13 and Taiwan's Taiex slipped 0.04% to 8,947.25.
Meanwhile, South Korea's Kospi edged up 0.12% to 2,218.63.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi said that due to the Dow Jones Industrial Average's negative tone last night, the FBM KLCI could remain benign today.
'We expect further range trading for the FBM KLCI. As such, invest with a short-term time horizon,' he said in a note to clients on April 26.
Among the decliners, BAT fell 80 sen to RM46.98, PPB lost 18 sen to RM16.52, HPI 15 sen to RM3.52, Hong Leong Bank and KLK fell 14 sen each to RM10.26 and RM20.74, Nilai 11 sen to 78 sen, Petronas Dagangan 10 sen to RM15.80 and Genting eight sen to RM11.50.
Gainers included Lysaght, ViTrox, Parkson, Allianz and Tradewinds.
The actives included Iris, Tanco, Infortech, Tricubes, Smartag, ConnectCounty, DBE Gurney and Asia Media.
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