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Thursday, December 4, 2014

FBM KLCI - lower on continued foreign selling

Stocks on Bursa Malaysia ended lower yesterday on persistent selling by foreign funds, and some selling were triggered by downgrades by certain research houses which gave ‘underperform’ ratings to selective counters. The sell-down was concentrated in the banking sector and selective oil and gas-linked stocks. The FBMKLCI fell 27.82 points or 1.56% to close at 1,758.15, after opening 2.18 points higher at 1,788.15. The benchmark index moved between 1,758.15 and 1,789.04 throughout the day. Losers led gainers by 678 to 197, while 250 counters were unchanged. Total volume slipped to 1.56 billion units worth RM1.97 billion from 2.16 billion units worth RM2.18 billion on Tuesday. Read more >>

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