Net selling rose to RM297.10mil, the highest weekly attrition recorded in seven weeks. The estimates were based on transactions in the open market which excluded off market deals.
PETALING JAYA: An attempt by the FBM KLCI to surpass its year’s peak has resulted instead in a bout of persistent selling, pulling the benchmark index down close to a current nine-month low.
At yesterday’s close, the 30-stock gauge finished 0.32% lower at 1,714.42 points, making it possibly one of the region’s worst performers in a year, which has seen peers like the Indonesian and Philippines’ stock markets scaling to record highs.
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