File pic of Bursa Malaysia screens. CIMB lowered its end-2015 target for the KLCI to 1,700 from 1,800.
PETALING JAYA: The old adage “sell in May and go away”has proven right for the FTSE Bursa Malaysia KL Composite Index (FBM KLCI).
The FBM KLCI closed yesterday down 21.28 points or 1.27% to 1,651.44, mainly dragged down by British American Tobacco (M) Bhd
’s (BAT) dividend cut, and the strengthening of the yen to the US$106 level.
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