KUALA LUMPUR (Jan 18): The FBM KLCI fell 0.73% at mid-morning today in line with the slump at regional markets.

At 10am, the FBMKLCI fell 11.76 points to 1,616.79 points.

The top losers included Petronas Gas Bhd, Shell Refining Company (Federation of Malaya) Bhd, Latitude Tree Holdings Bhd, Petronas Dagangan Bhd, Malaysia Airports Holdings Bhd, Allianz (M) Bhd, Bintulu Port Holdings Bhd and Malaysian Pacific Airports Bhd.

The actives included Nexgram Holdings Bhd, China Automobile Parts Holdings Bhd, Talam Transform Bhd, Tiger Synergy Bhd and Genetec Technology Bhd.

The gainers included Emas Kiara Industries Bhd, IOI Corporation Bhd, CAB Cakaran Corporation Bhd and Southern Steel Bhd.

Asian shares are set to slide to near their 2011 troughs on Monday following weak US economic data and falls in oil prices that showed no sign of abating, stoking further worries about a global economic downturn, according to Reuters.

The Nikkei futures' Friday close suggests Japan's Nikkei is likely to fall more than 2%, below its September trough to one-year lows while Australian shares on Monday fell 1.7%, it said.

Hong Leong IB Research said mirroring US, European and SHCOMP routs, sliding oil prices and ahead of the revised Budget 2016, it sees more downward consolidation ahead.

"Critical support is 1,600, Failure to defend 1,600 will witness further selldown towards 1,550–1,568.

"Weekly resistances are 1,642–1,674 levels," it said.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)