Stocks on Bursa Malaysia ended lower yesterday, after a
good showing for the past six trading sessions, in line with the bearish
sentiment on other Asian markets which were dampened by the weaker-than-expected
data from China and Australia. The local market faced selling pressure in the
morning with profit-taking seen in selected counters, especially plantation and
banking stocks. The key index, however, managed to mitigate the losses at the
end of trading, helped by gains in telecommunications counters like Axiata,
Maxis, Telekom Malaysia and DiGi. The FBM KLCI fell 1.28 points or 0.08% to end
at 1,649.75, after hovering between 1,653.80 and 1,640.44 throughout the day. Losers
beat gainers by 434 to 295 while 317 counters were unchanged. Turnover rose to
864.828 million shares worth RM1.744 billion from Tuesday's 812.823 million
shares worth RM1.253 billion. ...Read more>>
