KUALA LUMPUR: Investors rushed to secure increases early Friday after the FBM KLCI surged to a 10 month high the earlier day, while the ringgit slipped against the US dollar once more.
At 10am, the KLCI was down 6.02 focuses or 0.35% to 1,709.65. Turnover was 693.11 million shares esteemed at RM313.22mil. There were 222 gainers, 323 washouts and 313 counters unaltered.
The ringgit debilitated 0.04% to 4.4490 from the past close of 4.4470.
Hong Leong Investment Bank (HLIB) Research said after the Dow encouraged more than 1,000 focuses in the previous month, speculators are probably going to turn careful checking subtle elements of Trump's financial arrangements, combined with the eagerly awaited loan fees climb in March in the midst of few genuinely positive monetary information.
"Henceforth, we opine that dealers may accept this open door to secure benefits over the close term.
"In the interim, following the pullback on Wall Street, benefit taking exercises may abridge the upside on the nearby front and speculators may send offering into-quality system and KLCI's upside may be topped around 1,728," it said.
BAT fell the most, down 30 sen to RM48.50 while Petrongas Dagangan was down 12 sen to RM25.02, Genting Bhd and Hartalega 11 sen bring down at RM9.17 and RM4.85 while Eon Credit and Oriental Holdings lost 10 sen each to RM15.60 and RM6.50.
Hong Leong Bank and HLFG lost 12 sen each to RM13.36 and RM15.18.
Be that as it may, KL Kepong rose 28 sen to RM24.60, IWCity 12 sen to RM1.49 and Petronas Chemicals climbed seven sen to RM7.45.
Among the shopper stocks, Dutch Lady and Cocoland added eight sen each to RM55.70 and RM2.46 while MSM was seven sen higher at RM4.72.
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