FBM KLCI - down on continued selling pressure

Stocks on Bursa Malaysia ended lower yesterday on selling pressure, sparked by the continuous fall in oil prices, reduced demand and slower global growth. Share prices retreated as investors remained on the sidelines following news that the US Federal Reserve will start its two-day monetary policy review later of the day. At close, the FBMKLCI fell 23.37 points or -1.38% to 1,673.94, after opening 8.57 points lower at 1,688.74. Losers trounced gainers by 572 to 296, while 275 counters were unchanged. Total volume slipped to 1.64 billion units worth RM2.1 billion from 2.06 billion units worth RM2.32 billion on Monday. Read more >>