FBM KLCI - further downside expected

Stocks on Bursa Malaysia ended on an easier note yesterday, as investors remained sidelined, awaiting fresh leads from the ongoing European debt crisis, and the outcome of a meeting of central bankers and economists, including US Federal Reserve chairman Ben Bernanke, at Jackson Hole, Wyoming in the US later this week. The FBM KLCI fell 1.52 points or 0.09% to close at 1,645.58 after opening 0.47 of a point better at 1,647.58. Losers led gainers by 363 to 352, while 368 counters were unchanged. Total turnover increased to 1.26 billion shares worth RM1.296 billion from 1.21 billion shares worth RM1.11 billion registered on Tuesday. Read more...