KUALA LUMPUR (Jan 20): The FBM KLCI retreated in early trade this morning in line with nervy regional market ahead of the swearing in of Donald Trump as President of the United States of America later today.

At 9.10am, the FBM KLCI dipped 1.28 points to 1,665.23.

The top losers included British American Tobacco (M) Bhd, Southern Acids Bhd, Malaysian Pacific Industries Bhd, Public Bank Bhd, Genting Malaysia Bhd, UMW Oil & Gas Corp Bhd, Melati Ehsan Holdings Bhd, UOA Development Bhd, Sarawak Oil Palms Bhd and Allianz Malaysia Bhd.

Caution was the name of the game in financial markets on Friday ahead of U.S. President-elect Donald Trump's inauguration later in the day, with Asian stocks and the dollar pulling back and U.S. Treasury yields hovering near their highest close this year, according to Reuters.

Investors were also awaiting fourth-quarter and full-year GDP data from China at 0200 GMT, for clues on how much momentum the world's second-largest economy is carrying into 2017, it said.

JF Apex Securities Research in a market preview today said US markets ended lower led by property counters with the Dow on a 5-day losing streak as investors await President-elect Donald Trump's inauguration.

It said European stocks also closed lower after the European Central Bank kept interest rates unchanged.

“On the local bourse, the FBM KLCI added 1.49 points to 1666.51 points.

“Following the lacklustre performance in the US and Europe, the FBM KLCI could remain sideways below the resistance of 1680 points,” it said.