Selling spree weighs on Bursa

Looking ahead, Hong Leong Bank Investment Research expects the local bourse to remain choppy as investors weigh on the renewed selling spree from foreign institutions.

PETALING JAYA: Slumping to its lowest level in 13 months, FBM KLCI solidifies its position as the worst performer among Asia’s key stock indices.

Investors, who were already spooked by the Budget 2022 tax measures, chose to stay on the sidelines as the emergence of the Omicron variant of Covid-19 and the exit of foreign investors battered sentiment.