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Tuesday, May 26, 2015

FBM KLCI - lower on selling pressure

Stocks on Bursa Malaysia closed lower yesterday with the benchmark FBM KLCI ended 20.12 points or 1.13% lower, weighed down by losses in heavyweights as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices. Adding to the woes of the local market was in the afternoon session on news about the fall in European equities, tracking Friday's losses on Wall Street, on growing worries about Greece. At close, the FBM KLCI stood at 1,767.38 points, after hovering between 1,764.63 and 1,787.64 throughout the day. Market breadth was negative with losers outpacing gainers by 808 to 129, while 224 counters were unchanged. Total volume rose to 1.85 billion units worth RM1.9 billion from 1.59 billion units worth RM1.94 billion recorded last Friday. Read more >>