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Tuesday, June 30, 2015

FBM KLCI - lower on bearish sentiment

Stocks on Bursa Malaysia ended on a bearish note yesterday with the benchmark index closed at its lowest level so far this year on persistent selling pressures across the board, in line with the bearish performance of regional markets, impacted by concerns over Greece’s debt default. Sentiment was also affected by the likelihood of Fitch Ratings credit-rating downgrade of Malaysia. The ringgit also hit a 10-year low of 3.7830 per US dollar, its weakest since July 2005. At close, the FBM KLCI fell 18.55 points or 1.08% to settle at 1,691.92, after hitting an intra-day low of 1,688.44. Losers thumped gainers by 823 to 126, with 188 counters unchanged. Total volume increased to 1.67 billion units worth RM1.71 billion from Friday’s 1.35 billion units worth RM1.43 billion. Read more >>

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