FBM KLCI - lower on continued selling pressure

Stocks on Bursa Malaysia closed lower yesterday in tandem with regional peers with the benchmark FBM KLCI ended lower ahead of the interest rate decision by Bank Negara Malaysia in the evening. Late fund selling of heavyweights Tenaga Nasional and Sime Darby and other key index linked stocks dragged the FBM KLCI down nearly 16 points to its lowest since March 23. At close, the benchmark index was 15.87 points, or 0.87%, lower at 1,805.1, after hitting an intraday high of 1,818.79 earlier in the day. Losers led gainers 437 to 319, with 360 counters unchanged. Total volume fell to 1.55 billion shares worth RM1.97 billion from Wednesday’s 1.92 billion shares worth RM1.79 billion. Read more >>