FBM KLCI - lower on extended selling

Stocks on Bursa Malaysia closed lower yesterday in line with Asian bourses as traders turned cautious ahead of the US Federal Reserve’s (Fed) policy meeting which will indicate the interest rate’s direction, and late selling pressure on Petronas Dagangan and Petronas Chemicals and other heavyweights sent the FBM KLCI down more by 12.13 points or 0.65% to 1,842.93, after fluctuating between 1,842.84 and 1,855.46 throughout the day while trading volume declined. Gainers led losers marginally 410 to 407, while 324 counters were unchanged. Total volume decreased to 1.59 billion shares worth RM1.9 billion from Tuesday’s 2.17 billion shares worth RM2.15 billion. Read more >>