Blue chips got off to a weak start on Friday after the lacklustre overnight close on Wall Street, with Petronas Dagangan and UMW weighing on the FBM KLCI.
At 9.21am, the KLCI was down 3.14 points or 0.17% to 1,815.28. Turnover was 243.71 million shares valued at RM107.94mil. There were 170 gainers, 108 losers and 198 counters unchanged.
JF Apex Research said following the lacklustre performance in the US, we expect the KLCI to remain sideways below the resistance of 1,830.
Meanwhile, foreign funds were net sellers until March 26 at about RM800mil but this was a vast improvement from the RM1.9bil net outflow in the first half of the month, says BIMB Securities Research.
BAT was the top loser, down RM1.18 to RM68.20 while PetDag was down 10 sen to RM19.50 while down eight sen each were UMW and RHB Cap to RM10.80 and RM7.91.
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