REVIEW: Bursa Malaysia’s benchmark, the FBM Kuala Lumpur Composite Index (FBM KLCI), kicked off the week little changed, up 0.26 of a point to 1,628.52. But it quickly drifted into the red zone, extending the previous session’s declines.
Sentiment was frail in early session while select blue chips topped the losers’ board, reacting on the recent news about rebalancing of the MSCI Emerging Markiets Index, which will see a reduction in its weightage of Malaysian stocks come June 1.
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