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Friday, January 30, 2015

FBM KLCI - lower on profit-taking correction

Stocks on Bursa Malaysia tumbled for the second consecutive day yesterday on persistent selling pressures amid weak regional markets and Wall Street. Regional markets followed overnight US markets into negative territory as investors were spooked by the Federal Reserve’s statement of a possible June 2015 interest rate increase. The FBM KLCI was 13.7 points or 0.76% lower at 1,782.18, after opening 4.29 points lower at 1,791.59 and fluctuated between 1,783.43 and 1,794.82 throughout the day. Decliners outpaced gainers by 581 to 262, while 301 counters were unchanged. Total turnover decreased to 1.9 billion shares worth RM2.2 billion from 2 billion shares worth RM2.3 billion on Wednesday. Read more >>

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