KUALA LUMPUR: The FBM KLCI remained slightly negative at midday as traders held off on buying equities amid the escalating geopolitical tension between the US and EU over the weekend.
There has been some profit-taking in local equities following the previous week's rally, which saw the index hit multi-year highs. At 12.30pm, the FBM KLCI was down 2.36 points to 1,710.38.
While the blue chips remained relatively well-supported by the inflow of foreign funds, the market's small caps have not seen the same benefit.
On the scoreboard, the domestic market registered 691 decliners compared to 285 gainers. Trading volume was 1.82 billion shares valued at RM1.25bil.
...