Thursday, October 23, 2014
FBM KLCI - lower on profit-taking
Stocks on Bursa Malaysia ended lower Tuesday on selling pressure ahead of the Deepavali holiday on Wednesday. The market also turned weak compared with that of Monday, in sync with regional peers after China reported its weakest economic growth in five years, where the world’s second largest economy grew 7.3% between July and September from a year earlier, slowing from the 7.5% in the second quarter. The benchmark FBMKLCI finished 6.92 points or 0.38% lower at 1,796.22, after opening slightly better at 1,803.82 and moved between 1,794.66 and 1,804.83 throughout the day. Losers outpaced gainers by 463 to 306, while 294 counters were unchanged. Total volume declined to 1.24 billion shares valued at RM1.38 billion from Monday’s 2.05 billion shares worth RM2.21 billion. Read more >>

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