Stocks on Bursa Malaysia ended lower yesterday on profit taking, pressured by some of the same blue chips that lifted the index before the closing bell on Monday. The selling occurred throughout the trading session, prompted by a weaker ringgit and discouraging China stock market performance which led most regional markets to be on negative territory. The ringgit was quoted at 3.8520/8550 against the US dollar at the close yesterday. At close, the FBM KLCI fell 20.46 points, or 1.17%, to 1,723.73 after fluctuating between 1,722.91 and 1,730.81 throughout the day. Losers outnumbered gainers by 549 to 261 with 300 counters unchanged. Total volume rose to 1.34 billion units valued at RM1.53 billion from 1.32 billion units valued at RM1.25 billion on Monday. Read more >>
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