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Wednesday, September 17, 2014

FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia ended lower Monday with selling spree as predicted by analysts based on spiking geopolitical risk and China growth worries, was extended after Chinese factory and retails sales data released yesterday indicated the economy was slowing. The benchmark FBMKLCI closed 8.34 points or 0.45% easier at 1,847.30, dampened by losses in index-linked heavyweights. Losers outpaced gainers by 636 to 214, with 296 counters unchanged. Total volume contracted to 1.93 billion shares, worth RM1.75 billion, from 2.49 billion shares, worth RM2.23 billion, recorded on Friday. Read more>>

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