Marginal downward bias

REVIEW: The local bourse got off the week on a cautious note, with the bellwether FBM Kuala Lumpur Composite Index (FBM KLCI) skidding 3.47 points to 1,671.41 owing to profit-taking activity due to lack of compelling leads on the horizon.

Overnight Wall Street slipped 21.44 points to 16,391.99 while over on the New York Mercantile Exchange, Light sweet crude futures tumbled US$1.13 to US$29.64 per barrel on the previous Friday.