KUALA LUMPUR (Apr 29): The FBM KLCI remained in negative territory at the midday break today as regional markets faded on profit taking ahead of the US Federal Reserve meeting result.

At 12.30pm, the FBM KLCI fell 7.63 points to 1,847.43.

Market breadth turned negative with 406 losers and 269 gainers, while 297 counters traded unchanged. Volume was 804.45 million shares valued at RM669.48 million.

The top decliners included Carlsberg Brewery (M) Holdings Bhd, PPB Group Bhd, APM Automotive Bhd, Public Bank Bhd, Unisem (M) Bhd, VS Industry Bhd, My E.G. Services Bhd, Genting Plantations and Pesona Metro Holdings Bhd.

The actives included DGB Asia Bhd, Vsolar Group Bhd, Frontken Corporation Bhd, Asia Bio Technologies Bhd, APFT Bhd and Nova MSC Bhd.

The top gainers included British American Tobacco (M) Bhd, Nestle (M) Bhd, Oriental Holdings Bhd, Hong Leong Financial Group Bhd, Dutch Lady Milk Industries Bhd and Mitrajaya Holdings Bhd.

Asian share markets faded from seven-year peaks on Wednesday while investors exited crowded positions in the US dollar as the Federal Reserve wraps up a two-day policy meeting, according to Reuters.

The broad retreat in the US currency came as a string of soft data seemed to push back the day when the Fed might start lifting rates, and defied a jump in Treasury yields, it said.