KUALA LUMPUR: The FBM KLCI fell nearly five points early Tuesday when it reopened for trading after the Chinese New Year holidays as sentiment took a hit from the weaker overnight close on Wall Street. At 9.30am, the KLCI was down 4.86 points or 0.29% to 1,681.50 due to losses in power giant Tenaga Nasional, Sime Darby and Genting Bhd. Turnover was 182.09 million shares valued at RM77.70mil. Key overhead resistances are seen at 1,690 (R1)/1,700 (R2), while supports are located at 1,680 (S1)/1,660 (S2),” Kenanga Research said.At Bursa, burn-in tester KESM fell the most, down 28 sen to RM10 but with 600 shares done it after the recent rally.Petronas Gas fell 14 sen to RM20.78, Tenaga extended its decline from last week, down 14 sen to RM13.46, Sime Darby fell eight sen to RM9.15 and Genting Bhd six sen lower at RM8.34.Magna Prima lost seven sen to RM1.49 after the recent price surge ahead of its corporate announcement. US West Texas Intermediate (WTI) crude futures were at US$52.58 a barrel, down five cents from their previous settlement.

Source: The Star January 31, 2017 01:46 UTC