KUALA LUMPUR (Sept 19): The FBM KLCI opened lower this morning, in line with the nervy regional markets, dragged by key heavyweights at Bursa Malaysia.
At 9.05am, the FBM KLCI dipped 1.64 points to 1,782.02.
The early losers included Asia Knight Bhd, Telekom Malaysia Bhd, IHH Healthcare Bhd, Malayan Banking Bhd, CIMB Group Holdings Bhd, MISC Bhd, IOI Corp Bhd, Westports Holdings Bhd, VS Indutry Bhd and Willowglen MSC Bhd.
Asian shares wavered on Tuesday, bolstered by record highs on Wall Street but hobbled by uncertainty as traders waited on a Federal Reserve meeting for clues on U.S. monetary policy, according to Reuters.
MSCI's broadest index of Asia-Pacific shares outside Japan turned slightly higher after dipping into negative territory, it said.
JF Apex Securities Research in a market preview today said US markets rallied overnight with the Dow extending its record high for a 5th straight day.
It said that European stocks also advanced also geopolitical concerns eased, adding that investors will pay attention to the US Federal Reserve's 2-day meeting starting today.
“On the local market, the FBM KLCI lost 2.67 points to 1783.66 points.
“Following the bullish performance in the US and Europe, the FBM KLCI could climb towards its resistance of 1800 points,” it said.