KUALA LUMPUR: Blue chips started the week on a cautious footing as the FBM KLCI lost more than five points on profit taking of Kuala Lumpur Kepong, Public Bank and Maybank, extending the index’s decline from last Friday.At 9.48am, the KLCI was down 5.03 points or 0.03% to 1,667.47. Turnover was 506.89 million shares valued at RM158.05mil. The ringgit fell 0.09% against the US dollar to 4.4640 from the previous close of 4.4600. But year-to-date, it is up 0.46%. Meanwhile, oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply.Brent crude futures, the international benchmark for oil prices, were trading at US$55.55 per barrel at 0035 GMT, up 10 cents from their last close.

Source: The Star January 16, 2017 02:06 UTC