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Wednesday, May 27, 2015

FBM KLCI - slightly lower on profit taking

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI ended lower dragged down by selected blue-chips as investors remained pessimistic about Malaysian shares. Bucking the trend of Asian markets that were generally on an uptrend, the FBM KLCI continued its downtrend, as it shed another 3.31 points or 0.19% to close at 1,767.38 points yesterday on the back of rising political undercurrents in the market. While global investors were net purchasers of Asian equity last week, they continued to be net sellers of Malaysian equity. However, market breadth was slightly positive with gainers outpacing losers by 485 to 318, while 331 counters were unchanged. Total volume slipped to 1.56 billion units worth RM1.91 billion from 1.85 billion units worth RM1.9 billion on Monday. Read more >>

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