KUALA LUMPUR (June 16): The FBM KLCI dipped at mid-morning today as select blue chips including Malayan Banking Bhd (Maybank) retreated on still wary overall investor sentiment.

At 10.10am, the FBM KLCI fell 4.52 points to 1,623.44.

The top losers included British American Tobacco (M) Bhd, Fraser & Neave Holdings Bhd, UMW Holdings Bhd, PPB Group Bhd, Ta Ann Holdings Bhd, C.I. Holdings Bhd, MISC Bhd, Top Glove Corporation Bhd, Maybank and Malaysia Airports Holdings Bhd.

The actives included O&C Resources Bhd, Comintel Corporation Bhd, Vsolar Group Bhd, Bumi Armada Bhd, Hiap Teck Venture Bhd, Dufu Technology Corp Bhd, LKL International Bhd, Malaysian Bulk Carriers Bhd, AirAsia Bhd and Sumatec Resources Bhd.

The gainers included Nestle (M) Bhd, Dutch Lady Milk Industries Bhd, Carlsberg Brewery Malaysia Bhd, Spritzer Bhd, Inari Amertron Bhd, Kuala Lumpur Kepong Bhd and Petronas Gas Bhd.

Asian stocks edged up on Thursday after the US Federal Reserve (Fed) refrained from hiking interest rates and signalled markets can count on relatively loose liquidity conditions over the short term, while the dollar sagged against its peers, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, it said.

Hong Leong IB Research said despite Fed's decision to postpone interest rate hike boosting market sentiment, investors stay cautious over the uncertainty surrounding the looming Brexit referendum on June 23 as well as correction in oil prices.

"Technically speaking, the local benchmark key index may see a technical rebound to fill the recent gap of 1,641 but any rebounds will be capped as the trend of the FBM KLCI remains down and negative," it said.