Stocks on Bursa Malaysia closed lower last Friday on persistent selling pressure ahead of the weekend amid lack of positive market leads, and weaker-than-expected economic data from China and the Ukraine tension continue to cloud local sentiment. The FBMKLCI declined 13.74 points or 0.76% to close at 1,805.12 after moving between 1,817.08 and 1,805.12. On a weekly basis, the benchmark index slumped 27.14 points, or 1.48% from previous Friday’s 1,832.26. Market breadth was bearish with losers outpacing gainers by 543 to 210, with 331 counters unchanged. Volume fell to 1.37 billion shares worth RM2.08 billion from Thursday’s 1.70 billion shares worth RM2.15 billion. Weekly turnover fell to 8.45 billion shares worth RM10.34 billion from previous week’s 10.55 billion shares worth RM10.57 billion.
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