Malaysian market down on poor sentiments, foreigners continue to sell

Investors look and react at the share index in Kuala Lumpur. FAIHAN GHANI/The Star

PETALING JAYA: The stock market reacted negatively on the back of heightened political risk and the weakening ringgit, falling by nearly 1%.

The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) closed 17.19 points lower at 1,717.05 points while the ringgit was sold down further, hitting a 16-year low of RM3.81 to the US dollar.