KUALA LUMPUR (June 10): The FBM KLCI dipped at mid-morning today in line with the regional pullback.

At 10am, the FBM KLCI dipped 3.80 points to 1,646.71.

The top decliners included Petronas Chemicals Group Bhd, Axiata Group Bhd, UMW Holdings Bhd, Lii Hen Industries Bhd, SapuraKencana Petroleum Bhd, Maxis Bhd and Kawan Food Bhd.

The actives included Borneo Oil Bhd, SapuraKencana, Bumi Armada Bhd, Raya International Bhd, Vsolar Group Bhd and AirAsia Bhd.

Meanwhile, the gainers included Danainfra Nasional Bhd, Teck Guan Perdana Bhd, Tenaga Nasional Bhd, Malaysia Airports Holdings Bhd, AirAsia Bhd, Kuala Lumpur Kepong Bhd, PPB Group Bhd and OldTown Bhd.

Asian shares stepped back on Friday while investors poured funds into safe-haven assets amid festering concerns about a UK referendum that could push Britain out of the European Union, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent while Japan's Nikkei declined0.4 percent, it said.

Hong Leong IB Research said that overall sentiment remains cautious ahead of FOMC meeting on 14-15 this month; uncertainty surrounding the looming BREXIT; as well as higher expectation of lower market consensus for the FBM KLCI year-end target due to lackluster local earning results.

“The local benchmark key index remains under pressure, as the bearish reversal candlestick pattern, ‘Evening Doji Star’, on daily chart, suggests the likelihood of technical correction from recent rally.

“Hence, a break below 1650 will see further selling pressure,” it said.