FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia closed on a weaker note yesterday, dampened by continued profit-taking in line with most regional markets. Asian stock markets fell after Standard & Poor’s downgraded Spain’s debt rating from BBB+ to BBB- on Wednesday. The FBM KLCI lost 3.93 points or 0.24% to 1,655.47 after hovering in a narrow range of between 1,654.01 and 1,658.04 throughout the day. Losers beat gainers by 362 to 285, while 358 counters were unchanged. Turnover dwindled to 800.27 million shares worth RM1.11 billion from Wednesday's 912.5 million shares worth RM1.41 billion. ...Read more>>