FBM KLCI slides on profit-taking, regional markets mixed

KUALA LUMPUR: The FBM KLCI was slightly in the red as it entered the lunch break as investors took profit following recent strong gains.

At 12.30pm, the key index was down 2.72 points to 1,615.14 after trading within a five-point band of 1,614.25 to 1,619.24.

The broader market was also negative with 542 decliners compared to 487 gainers and 441 stocks unchanged.

The trading volume was 3.51 billion shares valued at RM1.68bil.

Among the leading laggards, Press Metal fell 12 sen to RM5.77, PETRONAS Dagangan slipped 38 sen to RM18.20 and Kuala Lumpur Kepong dropped 24 sen to RM20.92.

YTL Power lost five sen to RM5.01 while PPB fell 12 sen to RM14.70.

Meanwhile, in the technology sector, KESM jumped 23 sen to RM6.33, Vitrox gained 17 sen to RM4.14 and Notion VTec climbed seven sen to RM1.52.

Of actives, Hubline gained three sen to seven sen, Jaks rose 1.5 sen to 17 sen and Talam Transform was unchanged at 1.5 sen.

Elsewhere, regional markets were mixed following a US jobs report over the weekend that pointed to a tight US labour market.

Japan's market rose as export stocks gained on a weaker yen and rising domestic yields boosted financial services plays. The Nikkei added 0.57% to 38,903.

China's composite index added 0.1% to 3,051 while Hong Kong's Hang Seng shed 0.59% to 18,366.

Singapore's Straits Times index slid 0.29% to 3,320.

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