KLCI slips below 900 as oil price hits US$51


  • Business
  • Thursday, 24 Feb 2005

Share prices declined across the board yesterday, with the Kuala Lumpur Composite Index (KLCI) dipping below the 900-point level, following a sharp drop overnight on Wall Street. Investors were uneasy as crude oil prices climbed to US$51 a barrel. 

The KLCI closed five points down at 899, off the day's low of 896. The 617 stocks that ended lower far outnumbered the168 gainers. 

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