KUALA LUMPUR (Feb 27): The FBM KLCI started off on a lacklustre note this morning in line with the lukewarm investor sentiment at most regional markets.

At 9.05am, the FBM KLCI was up 0.13 points to 1,698.478.

The gainers included Petron Malaysia Refining and Marketing Bhd, Allianz Malaysia Bhd, Malaysian Pacific Industries Bhd, Kim Hin Industry Bhd, Boustead Heavy Industries Corp Bhd, Batu Kawan Bhd, Uzma Bhd, Cahya Mata Sarawak Bhd and Panasonic Malaysia Manufacturing Bhd.

Asian stocks look set to edge lower for a second day on Monday as weak cues from U.S. share markets and declining European government bond yields on political worries push investors to take profits after a recent rally, according to Reuters.

Markets are holding in recent broad trading ranges, and interest is turning to U.S. President Donald Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide clues on his plans to cut taxes, it said.

JF Apex Securities Research in a market preview today said US markets were flat on Friday and took a breather from its recent rally as investors await for President Donald Trump's speech to Congress next week.

It said European stocks were negative following decline in commodities and disappointing corporate earnings.

“On the local market, the FBM KLCI tumbled 6.13 points to 1698.35 points.

“Following the mixed performance in the US and Europe, the FBM KLCI could remain pressured as investors take profit from the recent rally,” it said.