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Thursday, January 15, 2015

FBM KLCI - lower on profit-taking correction

Stocks on Bursa Malaysia closed slightly lower yesterday despite selling pressure on finance stocks, with losses countered by gains in selected heavyweight counters. Market talk on the possible scrap of the mega-bank merger of CIMB, RHB Cap and MBSB seemed to affect investors' buying pattern. At close, the benchmark FBMKLCI stood at 1,742.01, down 6.89 points, or 0.39%, after hovering between 1,736.77 and 1,744.71 throughout the day. Gainers outpaced losers by 450 to 349 with 308 counters unchanged. Total volume shed to 1.77 billion shares worth RM2.49 billion from 1.90 billion shares worth RM2.11 billion on Tuesday. Read more >>

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