KUALA LUMPUR: The FBM KLCI saw profit-taking accelerate on Tuesday with the index moving back below the 1,750 support level.Amid analyst forecasts that the index was making a positive break as it approached the year-end, the negative morning session result served to disappoint.The local market was also trading at adds with most regional markets, which rose higher on expectations of widely expected US corporate tax cuts, which would boost Wall Street earnings.At 12.30pm, the local benchmark index was down 11.45 points to 1,740.19 points. TUrnover was 1.7 billion shares with a value of RM1.2bil. There were 391 decliners to 214 advancers with 533 counters unchanged.Genting led the declines, falling 17 sen to RM8.91. The energy major dipped two sen to RM14.92 while the satellite broadcaster fell six sen to RM2.51.On the wider market, Hartalega was a top gainer, rising 76 sen to RM10.80. It strengthened 0.17% against the greenback to 4.0747, 0.04% against the pound sterling at 5.4521 and 0.18% against the Singapore dollar at 3.0236.

Source: The Star December 19, 2017 05:03 UTC