Late selling pressure sees KLCI closing more than 5 pts down, foreign funds net sellers

KUALA LUMPUR: Late selling pressure sent the FBM KLCI down more than five points on Wednesday, with Maxis, IOI Corp and Maybank the main drags on the index while penny stock XOX tumbled in active trade. 

Stock market data showed foreign funds turned net sellers at -RM61mil but local institutions absorbed most of the selling as they emerged as net buyers at RM57mil and local retailers net buyers also at RM4mil.