KUALA LUMPUR (Aug 12): The FBM KLCI fell 0.71% at mid-morning today in line with the retreat at most regional markets.

At 10am, the FBM KLCI fell 11.63 points to 1,625.08.

The top losers included Dutch Lady Milk Industries Bhd, Fraser & Neave Holdings Bhd, IJM Corporation Bhd, Nestle (M) Bhd, Hong Leong Industries Bhd, Suiwah Corporation Bhd, Hong Leong Financial Group Bhd, Genting Plantations Bhd, Kuala Lumpur Kepong Bhd, SAM Engineering & Equipment Bhd, Public Bank Bhd, Guinness Anchor Bhd and RHB Capital.

The actives included BTM Resources Bhd, Ingenuity Consolidated Bhd, Hubline Bhd, Tiger Synergy Bhd, Sumatec Resources Bhd and AirAsia X Bhd.

The gainers included British American Tobacco (M) Bhd, MISC Bhd, Shell Refining Company (Federation of Malaya) Bhd, UMW Holdings Bhd, Sarawak Oil Palms Bhd and V.S. Industry Bhd.

Asian stocks and commodities extended losses on Wednesday, feeling the aftershocks of China's surprise devaluation of the yuan, which hit US equities overnight and pushed down already-weak emerging currencies, according to Reuters.

This benefitted the dollar, which rallied even against the safe-haven yen, it said.

Hong Leon IB Research said, taking cues from the wild swings in equities, currencies and commodities markets lately, Bursa Malaysia was likely to trap in a prolong downward consolidation, despite a grossly oversold market following a 107.5-pt carnage in six trading sessions.

“Key supports are 1,600–1,614.

“Any relief rally targets will be capped at 1,685–1,700 levels,” it said.