KUALA LUMPUR (Nov 14): The FBM KLCI slipped to a one-month low at mid-morning on Friday, in line with the retreat at most global markets, weighed by losses at blue chip counters as the local market turned bearish.

At 10am, the FBM KLCI lost 6.18 points to 1,809.63, the lowest since Oct 10 this year.

The top losers include Kuala Lumpur Kpong Bhd, DKSH Holdings (Malaysia) Bhd, Hartalega Holdings Bdh, Tasco Bhd, Lafarge Malaysia Bhd, Malaysia Airports Holdings Bhd, Petronas Chemicals Group Bhd, Malayan Banking Bhd and Genting Bhd.

The actively traded counters include Minetech Resources Bhd, TH Heavy Engineering Bhd, IFCA MSC Bhd, KNM Group Bhd, Sona Petroleum Bhd and  Perisai Petroleum Teknologi Bhd.

The gainers included Genting Plantations Bhd, Pos Malaysia Bhd, Yee Lee Corporation Bhd, LTKM Bhd, Carlsberg Brewery (M) Bhd, Malaysian Pacific Industries Bhd, Spritzer Holdings Bhd and UMW Holdings Bhd.

Regionally, Asian stocks dipped in early trade on Friday following fresh signs of slowing Chinese growth, while crude oil hovered near a four-year low in an oversupplied market, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.25 percent, it said.

BIMB Securities Research said that in Asia, key benchmarks ended mixed on Thursday as investor shifting to defensive stocks following heavy selling in the energy sector.

It said that the local market ended lower with the FBM KLCI losing 0.43 points to 1,815.81, dragged down mainly by plantation and auto stocks.

“For today, we expect the local market to remain sideways due to lack of fresh catalysts with the index hovering in the region of 1,813-18,” it said.