FBM KLCI - lower on profit taking

Stocks on Bursa Malaysia closed lower yesterday on profit taking by late fund selling of key index stocks after Monday’s strong rebound, despite the bullish performance in most Asian markets. Sentiment on the local bourse remained wary over issues relating to 1MDB and the potential Fitch Ratings downgrade by end-June. The FBM KLCI was 5.9 points or 0.34% lower at 1,726.86, after moving between 1,726.86 and 1,734.97 throughout the day. Losers led gainers 407 to 395, with 327 counters unchanged. Total volume increased to 1.73 billion units worth RM1.68 billion, from Monday’s 1.54 billion units worth RM1.82 billion. Read more >>