KLCI dips 0.18% as select blue chips weigh

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KUALA LUMPUR (Dec 28): The FBM KLCI dipped 0.18% at mid-morning today, weighed by select blue chips against the backdrop of firmer regional markets.

At 10am, the FBM KLCI dipped 3.11 points to 1,687.61.

Gainers led losers by 210 to 183, while 252 counters traded unchanged. Volume was 393.06 million shares valued at RM156.93 million.

The decliners included Nestle (M) Bhd, Carlsberg Brewery Malaysia Bhd, Hong Leong Industries Bhd, Westports Holdings Bhd, Sime Darby Plantation Bhd and British American Tobacco (M) Bhd.

The actives included Hubline Bhd, Sapura Energy Bhd, Permaju Industries Bhd, Velesto Energy Bhd and Seacera Group Bhd.

The gainers included United Plantations Bhd, Yinson Holdings Bhd, Genetec Technology Bhd, Petron Malaysia Refining & Marketing Bhd, MISC Bhd and Pintaras Jaya Bhd.

Asia stocks inched higher on Friday after Wall Street ended volatile trade in the green, adding to the massive gains of the previous session although lingering investor jitters helped support safe-haven currencies such as the yen, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15%. It has fallen almost 4% so far in December, it said.

Affin Hwang Capital Research said Asian markets were expected to open steady with upward bias, year-end window dressing anticipated to continue.

"FBM KLCI Index expected to continue its rebound despite volatility in the US market. Accumulate quality stocks on price weakness.

"Anticipate FBM KLCI Index to test the short-term resistance in the near future," it said.