KUALA LUMPUR (Oct 24): The FBM KLCI kicked off the week today on a muted note in the aftermath of the tabling of Budget 2017 last Friday. At 9.10am, the FBM KLCI fell 2.35 points to 1,667.63. The top losers included British American Tobacco (M) Bhd, Kuala Lumpur Kepong Bhd, Hap Seng Consolidated Bhd, Alliance Financial Group Bhd, Pharmaniaga Holdings Bhd, Luxchem Corp Bhd, Berjaya Auto Bhd, Telekom Malaysia Bhd and Berjaya Sports Toto Bhd. It said that similarly, European stocks were mixed after comments from the European Central Bank“On the local market, the FBM KLCI added 2.80 points to 1669.98 points. “Following the mixed performance in the US and Europe coupled by the "neutral" Budget announcement, the FBM KLCI is expected to remain sideways below the resistance of 1675 points,” it said.

Source: The Edge Markets October 24, 2016 01:18 UTC