KUALA LUMPUR (June 25): The FBM KLCI fell 0.65 point after volatile trade, amid global trade spat concerns. At 12:30pm, the KLCI settled at 1,693.50, as Asian shares fell with US equity futures.
 
Reuters reported Asian shares fell on Monday on escalating trade tensions between the United States and major economies, while oil prices gave up some of their hefty gains made after major oil producers agreed to a modest increase in production.

S&P500 mini futures eased as much as 0.6% in early trade, while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25%. 

The falls were triggered by a report from the Wall Street Journal that U.S. President Donald Trump plans to bar many Chinese companies from investing in U.S. technology firms and block additional technology exports to China.

In Malaysia, Kenanga Investment Bank Bhd wrote in a note today: “Technically, the index (KLCI) is bearishly biased at this juncture."

Across Bursa Malaysia, volume was 1.15 billion shares valued at RM732.43 million. Top decliners included Magni-Tech Industries Bhd and SCGM Bhd.

SCGM shares dropped 28 sen to settle at RM1.53, after the company said net profit declined to RM16.4 million in financial year ended April 30, 2018 (FY18), from RM23 million a year earlier.