FBM KLCI - lower on continued bearish sentiment

Stocks on Bursa Malaysia closed lower across the board yesterday in tandem with most Asian equity markets. Market sentiment was dampened by worries over easier global growth moving forward as the International Monetary Fund has trimmed its global growth outlook for 2015 to 3.8% from 4% in an early estimate. The benchmark FBMKLCI fell 9.22 points or 0.5% to close at 1,824.32, the lowest point of the day after hitting an intra-day high of 1,831.79. Market breadth was negative with decliners thumping advancers by 935 to 93 while 175 counters were unchanged. A total of 2.57 billion shares worth RM2.49 billion were transacted compared with Tuesday's 2.18 billion shares worth RM2.07 billion. Read more >>