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Tuesday, January 6, 2015

FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed lower yesterday on selling of finance counters. Banking stocks stole the focus in yesterday’s trading in light of the new base rate (BR) mechanism implementation by Bank Negara Malaysia from Jan 2, 2015, as the new mechanism will raise competition among banks. The benchmark FBMKLCI declined 16.15 points or 0.92% to close at 1,736.62 after moving between 1,734.51 and 1,759.15 throughout the day. Losers thumped gainers by 502 to 271, while 257 counters were unchanged. Total volume rose to 1.5 billion units worth RM1.4 billion from 1.1 billion units worth RM921.63 million on last Friday. Read more >>

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