KUALA LUMPUR: Sustained foreign fund selling pushed the FBM KLCI into the red for the fourth straight day on Thursday with Axiata, CIMB and Genting Malaysia weighing on benchmark.
At 5pm, the KLCI was down 4.88 points or 0.28% to 1,718.11 – the lowest since March 15. Turnover on Bursa Malaysia was 2.44 billion shares valued at RM2.47bil.
The broader market again displayed its weakeness as decliners beat advancers by a wider margin, with 614 losers to 265 gainers and 430 counters unchanged.
Foreign funds were net sellers at RM282.1mil while retail investors stepped in as net buyers at RM64.8mil and local institutions at RM217.3mil.
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