KUALA LUMPUR: Bank Negara Malaysia's suprise move to cut the overnight policy rate (OPR) by 25 basis points to 2.75% – the lowest since 2011 – prompted investors to cut their holdings in banks and sent the FBM KLCI into the red.
At 5pm, the KLCI was down 9.35 points or 0.59% to 1,577.98. Turnover was 3.07 billion shares valued at RM2.57bil. There were 397 gainers, 509 losers and 362 counters unchanged.
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