Semicon, glove stocks losing their grip


KUALA LUMPUR: Semiconductor, tech stocks and glove makers weighed on Bursa Malaysia and dampened investors’ mood after several straight days of selling by local institutions.

At 5pm, the FBM KLCI was down 6.74 points or 0.42% to 1,594.80. Turnover was 6.71 billion shares valued at RM4.28bil. The broader market was weaker with 2.3 decliners to one advancer. There were 812 losers to 347 gainers and 413 counters unchanged.

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