KUALA LUMPUR: Blue chips dipped early Tuesday with Petronas Gas and UMW among the top decliners while JAKS Resources came under heavy selling pressure after its FY16 financial results.At 9.37am, the KLCI was down 0.12 of a point or 0.01% to 1,693.72. Turnover was 376.02 million shares valued at RM196.83mil. There were 173 gainers, 311 losers and 284 counters unchanged.The US dollar was steady early on Tuesday, enjoying support after US President Donald Trump flagged a big boost in government stimulus, and sought a "historic" increase in military spending, Reuters reported.Trump will ask the US Congress to boost Pentagon spending in the next fiscal year by US$54bil in his first budget proposal, a White House budget official said on Monday.Maybank Investment Bank Research said the KLCI had on Monday pared early gains to settle in red, falling 4.51 points to close at 1,693.84. Negative sentiment affected the broader market with losers outpacing gainers by 643 to 297. Aeon fell 17 sen to RM2.33 on profit taking.BAT rebounded to climb 42 sen to RM48.92, Oriental Holdings added 20 sen to RM6.65.Petronas Dagangan rose 10 sen to RM24.58, Sime Darby nine sen to RM9.16 and KL Kepong eight sen to RM24.28.

Source: The Star February 28, 2017 01:52 UTC