KLCI closes lower on local fund selling, IWC hit

For the month, the FBM KLCI is down 3.18% and year-to-date, it is down 8.02%.

KUALA LUMPUR: The FBM KLCI stayed in the red during the most part of Tuesday, weighed down by some profit taking of MISC, Maybank and Genting Bhd while the ringgit gained against several key currencies except the US dollar.

There was rising interest in glove makers, continuing from the second day while IW City tumbled following the fallout from its parent company's IWH exclusion from the Bandar Malaysia project.

 Stock market data showed foreign funds were net buyers at RM71.2mil while local retailers also jumped in and were net buyers at RM43.78mil. Local institutions were net sellers at RM114.98mil.