KUALA LUMPUR (Nov 30): The FBM KLCI opened lower this morning in line with regional markets, while the new Sime Darby listings involving the property and plantation divisions also had poor starts.

At 9.05am, the FBM KLCI fell 2.50 points to 1,717.88.

The top losers included IQ Group Bhd, Success Transformer Corp Bhd, Sime Darby Property Bhd, Lafarge Malaysia Bhd, Southern Acids (M) Bhd, Sime Darby Plantation Bhd, Hong Leong Bank Bhd, Mudajaya Group Bhd, Boustead Heavy Industries Corp Bhd and Public Bank Bhd.

Asian shares fell on Thursday, weighed down by a plunge in high-flying technology shares, a move that some see as a healthy correction after a strong rally but others believe may herald the peak of a "super cycle" that has been boosting the sector, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent, with technology bellwether Samsung Electronics falling 2.9 percent to two-month lows, it said.

JF Apex Securities Research in a market preview said US markets advanced overnight with the Dow extending its record high after 3Q GDP boosted optimism on economic growth.

It said that earlier, European stocks rose led by retail counters due to progress in US' tax cut and Brexit negotiations.

“On the local market, the FBM KLCI rose 5.96 points to 1720.38 points.

“After yesterday's rebound, the FBM KLCI could retest the resistance of 1730 points. For the downside, immediate support is at 1700 points,” it said.