KUALA LUMPUR (Jan 16): The FBM KLCI opened lower this morning in line with the hesitant regional markets, weighed by index-linked banking stocks. At 9.10am, the FBM KLCI dipped 1.94 points to 1,670.56. The top losers included Only World Group Holdings Bhd, Public Bank Bhd, United Malacca Bhd, UOA Development Bhd, Melati Ehsan Holdings Bhd, Malayan Banking Bhd and SMIS Corporation Bhd. It said European stocks were positive after better-than-expected corporate earnings from the US“On the local market, the FBM KLCI lost 5.26 points to 1672.50 points. “Following the recent sideways trend, the FBM KLCI could continue to hover below the resistance of 1680 points,” it said.

Source: The Edge Markets January 16, 2017 01:19 UTC