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Selling pressure on banks including Maybank and AmBank pushed the FBM KLCI deeper into the red on Monday while key regional markets recorded losses of up to 2.44%.
PETALING JAYA: A sell-off in Japan triggered selling pressure in key regional markets and Europe, and sent Malaysia’s FTSE Bursa Malaysia KL Composite Index (FBM KLCI) down as much as 18.26 points to a low of 1,765.62.
KUALA LUMPUR: Malaysia's blue chips advanced in early Thursday trade despite the weak regional bourses and overnight fall on Wall Street, but analysts expect local equities to come under selling pressure.
KUALA LUMPUR: Selling pressure on Bursa Malaysia rose in late afternoon trade on Monday, with consumer stocks - the recent stellar performers -- among the major losers amid a broader weaker market.
CIMB Equities Research expects property stocks may come under some knee-jerk selling pressure in the near term as Bank Negara Malaysia’s (BNM) move to curb consumer loans was not widely expected.
KUALA LUMPUR: Selling pressure on Bursa Malaysia picked up pace as trading volume on Friday rose to three billion shares while the FBM KLCI slipped below the key 1,700 level on selling of Axiata and IHH Healthcare.
KUALA LUMPUR: Malaysian palm oil futures ended lower on Wednesday as the contract succumbed to selling pressure in late afternoon trade, reversing gains stemming from a weak ringgit which had lifted the tropcial oil to a near two-week high.
KUALA LUMPUR: Late selling pressure sent the FBM KLCI down more than five points on Wednesday, with Maxis, IOI Corp and Maybank the main drags on the index while penny stock XOX tumbled in active trade.