BREAKING NEWS------------ KL MARKET

The KLCI is down 0.2% at 1564.70 in early trade with RHB Capital (1066.KU) leading the benchmark gauge lower following unconfirmed reports that Malayan Banking (1155.KU) and CIMB Group (1023.KU) are dropping their separate bids to take over RHB. "The overall market is not doing well also partly due to a lack of positive news flow," says a dealer. He tips support at 1560. Market breadth is negative with losers and gainers. Among decliners, RHB Capital is down 4.4% at MYR9.18, CIMB Group is down 0.4% at MYR8.52 and Malayan Banking is down 0.1% at MYR8.83. Among gainers, K-Star Sports (5172.KU) is up 4.5% at MYR0.35 after it says year to date orders are higher on year.