KUALA LUMPUR (Nov 27): The FBM KLCI fell 3.09 points or 0.2% while the ringgit weakened on lower crude oil prices as investors eyed Malaysian corporate financials.
 
The KLCI was traded at 1,680 points at 9:12am. At 9:26am, the ringgit weakened to 4.2285 against the US dollar.

"We expect the FBM KLCI to trade sideways today following the European stimulus news as disappointing corporate results released yesterday will likely weigh the index down,"BIMB Securities Sdn Bhd wrote in a note today.

Reuters reported that US crude oil futures fell more than 1% in early Asian trading on Friday, under pressure from concerns of a supply glut, although market activity was subdued due to a US holiday.

West Texas Intermediate futures, the US crude benchmark, dropped 45 cents or 1.05% to US$42.59 per barrel at 2347 GMT.

In Malaysia, Bursa Malaysia saw some 244 million shares worth RM88 million changed hands. There were 133 gainers versus 194 decliners.

Top gainer was Latitude Tree Holdings Bhd while Petronas Gas Bhd led decliners. The most-active stock was China Stationery Ltd.

Across Asia, Japan's Nikkei added 0.09% while South Korea's Kospi rose 0.1%.

Bloomberg reported that Asian stocks advanced, with a regional gauge reversing its weekly drop, as a rebound in metals spurred gains for materials shares and investors awaited a report on China’s industrial profits.