KUALA LUMPUR: The FBM KLCI fell nearly 17 points at the start of trade on Friday, Feb 5 as investors turned more cautious after Wall Street's sharp overnight fall.
At 9am, the FBM KLCI fell 16.8 points to 1,248.15. Turnover was 23.19 million shares valued at RM14.9 million.
Nestle fell 78 sen to RM33.22, BAT 60 sen to RM42.10, Top Glove 40 sen to RM11 while PPB lost 38 sen to RM15.62.
DiGi and KLK lost 30 sen each to RM22 and RM16.32 while CIMB fell 16 sen to RM12.54, HL Bank 14 sen to RM8.16 and Sime 13 sen to RM8.32.
However, KNM rose 8.5 sen to 83.5 sen after KNM's founder and managing director Lee Swee Eng, via BlueFire Capital Group, has proposed to buy up KNM at 90 sen per share, which is 15 sen higher than its last closing price.
Petra rose three sen to RM1.48 after CIMB Equities Research upgraded it from Neutral to Outperform with the re-rating catalysts being a more dynamic board, delivery of new vessels, and improved vessel utilisation rate.