Selling pressure persists


Market breadth was overwhelmingly negative to the tune of 727 to 170, with 330 counters unchanged. Out of the 100 FBM KLCI stocks, only four headed north.

PETALING JAYA: The FBM KLCI failed to continue its uptrend seen in the past few trading days, with the US equities inching closer into a bear market and the Brent crude oil dipping below US$50 per barrel for the first time since July 2017.

Joining the retreat of regional bourses, the 30-stock FBM KLCI dropped to an intra-day low of 1,660.80 and shaved off over 20 points before mid-day yesterday.

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