KUALA LUMPUR: Nestcon Bhd was in focus on its trading debut on Tuesday while the broader market was mixed while blue chips extended their losses.

       At 9.27am, the FBM KLCI was down 1.75 points or 0.11% to 1,542.96. Turnover was 742.33 million shares valued at RM290.40mil. There were 288 gainers, 218 losers and 339 counters unchanged.

       On the external front, Bloomberg reported Asian stocks opened lower after the reflation trade fizzled in the US amid new travel curbs in some parts of the world. Treasuries and the dollar were steady after gains.

       Japan underperformed, while Australia and South Korea had more modest declines

       Oil held losses below $73 a barrel as a coronavirus resurgence raised concerns about the demand recovery ahead of an Opec+ meeting this week that’s expected to lead to increased output from the alliance.

       At Bursa on Monday, foreign funds were net sellers at RM126.7mil but the selling was offset by local retailers who were net buyers at RM103.3mil and local institutions at RM23.4mil.

       Nestcon, a building and infrastructure construction services provider, rose seven sen to 35 sen with 174 million shares done when it made its debut on the ACE Market. Its offer price was 28 sen.

       Serba Dinamik managed to stage a mild rebound after the recent heavy selling pressure. It added 2.5 sen 35 sen with 107.88 million shares.

       Other decliners were Aeon Credit, down 10 sen to RM11.90, Allianz eight sen to RM13, Petronas Gas eight sen to RM19.02, Malayan Cement six sen to RM2.88,

       However, chip makers and tech stocks bucked the trend. MPI rose 36c to RM39.02, Greatec 15 sen to RM5.76, Kobay 11 sen to RM3.52, MI also 11 sen to RM3.52

       Cheetah jumped 21 sen to RM2.23.