KLCI down 0.32% in line with lacklustre regional markets

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KUALA LUMPUR (Oct 22): The FBM KLCI was down 0.32% at mid-morning today, in line with the lacklustre regional markets.

At 10am, the FBM KLCI fell 5.47 points to 1,726.67.

Losers led gainers by 281 to 152, while 245 counters traded unchanged. Volume was 566.44 million shares valued at RM340.56 million.

The losers included Nestle (M) Bhd, Petronas Dagangan Bhd, Lingkaran Trans Kota Holdings Bhd, United Malacca Bhd, Yinson Holdings Bhd and Bursa Malaysia Bhd.

The actives included My EG Services Bhd (MyEG), Datasonic Group Bhd, Pesona Metro Holdings Bhd, Iris Corp Bhd, Tiger Synergy Bhd and Sapura Energy Bhd.

The gainers included United Plantations Bhd, MyEG, Hong Leong Industries Bhd, KESM Industries Bhd, Merge Energy Bhd and Carlsberg Brewery Malaysia Bhd.

Asian share markets fell anew on Monday as investors braced for the peak of the US earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and centre, according to Reuters.

Adding to the air of nervousness was an early 0.4% drop in E-Mini futures for the S&P 500, while safe haven Treasuries caught a bid, it said.

Affin Hwang Capital Research said the FBM KLCI Index closed lower (down 5.87 points) to end last week.

"Buying interest is clearly subsiding as prices failed to continue higher. Not only that, two consecutive doji (candlestick pattern showing indecision between buyers and sellers) as well as a short-term gravestone doji (bearish candlestick pattern) have formed.

"The FBM KLCI Index anticipated to resume lower, technical rebound perceived as completed," it said.