Barefoot Investor: FBM KLCI slips into red at mid-day

The benchmark FBM KLCI slipped into the red at mid-day following some selling pressure in several key blue chip counters. At 12.30pm, the FBM KLCI was down 4.76 pts to 1,498.44.

Digi lost 42sen to RM24.38, PPB shed 38sen to RM18.42 while KYM lost 13sen to RM2.07.

HwangDBS Vickers Research Sdn Bhd said in its morning report with Wall Street finishing mixed last night its key equity indices ended between -0.2% and +0.6% at the closing bell there was no obvious overnight lead for the Malaysian bourse today.

"As such, the benchmark FBM KLCI may just move sideways ahead, possibly showing a marginal upward bias," it had said. The trading of securities in Sunway City and Sunway Holdings have been suspended from 9 am today until Wednesday, 5pm pending a material annoucement.

Crude palm oil 3-month futures were up RM8 to RM3,192 per tonne.

Nymex crude oil lost 58 cents to US$81.16 per barrel.

The ringgit was quoted at 3.1149 to the US dollar.
(Source: The Star)


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