THE Kuala Lumpur Composite Index shed 21.93 points yesterday to 813.44, closing lower for the third consecutive trading day, as markets around Asia experienced the biggest plunge in two-and-a-half years.
It was a bloodbath, Toh Hoon Chew, head of research at CIMB Securities said. The volume was not large, but there was just no support. It was one-way traffic all the way, with global funds selling and local funds reluctant to buy aggressively.
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