KLCI falls to a 5-month low of 867 points

THE KL Composite Index (KLCI) fell 8.7 points, or 0.94%, to 867 yesterday, its lowest level in five months, on extended selling pressure as jittery investors cut their positions amid growing concerns that foreign funds would continue to flow out of the market. 

“The market is technically oversold, but lingering concerns about foreign-led selling continued to dominate trading sentiment,'' a dealer at a local stockbroking house said, adding that factors ranging from global uncertainties and inflation worries to rising crude oil prices had also dampened sentiment in the local stock market.