KLCI snaps rally on late selling pressure


KUALA LUMPUR: Investors’ hopes for the FBM KLCI to close at the crucial 1,400 level on Thursday evaporated due to late fund selling of selected index-linked stocks though the broader market was firmer.

At 5pm, the KLCI was down 1.26 points or 0.09% to 1,386.53, off the intra-day high of 1,398.53. Turnover was 4.83 billion shares valued at RM2.66bil. Advancers beat decliners 624 to 253 while 381 counters were unchanged.

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KLCI , selling pressure , oil , demand destruction

   

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