KUALA LUMPUR (March 3): The FBM KLCI dipped 0.35% at mid-morning today on some mild profit taking, but held on to its position above the 1,700-point level. The top losers included British American Tobacco (M) Bhd, PPB Group Bhd, Hong Leong Bank Bhd, Petronas Dagangan Bhd, KESM Industries Bhd, Hartalega Holdings Bhd, Hong Leong Financial Group Bhd, Genting Plantations Bhd and Aeon Credit Service (M) Bhd. The actives included Bioalpha Holdings Bhd, Borneo Oil Bhd, Dagang NeXchange Bhd, Vivocom Intl Holdings Bhd, Iskandar Waterfront City Bhd and SapuraKencana Petroleum Bhd. The gainers included Kuala Lumpur Kepong Bhd, Iskandar Waterfront City, Dutch Lady Milk Industries Bhd, Teo Guan Lee Corp Bhd, Lingkaran Trans Kota Holdings Bhd, MSM Malaysia Holdings Bhd and Petronas Chemicals Group Bhd. "Meanwhile, tracking the pullback on Wall Street, profit taking activities may curtail the upside on the local front and investors may deploy selling-into-strength strategy and KLCI's upside might be capped around 1,728," it said.

Source: The Edge Markets March 03, 2017 02:37 UTC