KLCI shows resilience despite broader market weakness


KUALA LUMPUR: The FBM KLCI remains flattish at the midday close with a 0.48-point decline after recovering from a drop of 11 points earlier today as Asian markets continue to show weakness due to global macroeconomic concerns.

The KLCI fell to 1,644.42 points at the midday close with the benchmark index having fallen in eight out the past nine trading days. It had earlier fallen to an intraday low of 1,633.18 points before a late buying surge in banking stocks pushed prices up.

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