Selling pressure on blue chips dampen KLCI


PETALING JAYA: The KL Composite Index (KLCI) fell below 1,400 points for the first time this month as blue-chip stocks succumbed to sustained selling pressure for the second straight day.

Even plantations stocks were not spared despite soaring crude palm oil (CPO) prices, which saw the benchmark futures contract on Bursa Derivatives rising to a fresh record of RM3,702 per tonne.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

IT buoys GDEX’s confidence
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact
Powering on data centres

Others Also Read