Business

Bursa ends lower on selling by foreign institutional funds

November 27, 2012

KUALA LUMPUR, Nov 27 – Bursa Malaysia ended lower today on selling by foreign institutional funds, dragging the FTSE Bursa Malaysia KLCI (FBM KLCI) to below the 1,600 level, dealers said.

As at 5.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.71 points to 1,598.17, after opening 1.24 points lower at 1,606.64.

The market’s barometer index moved between 1,596.58 and 1,606.88 in trading today.

A dealer said the market was under pressure the whole day as foreign investors shifted their interest to the on-form regional and major markets.

Asian stock markets rose today after the European Union reached an agreement on how to reduce Greece’s debt load.

“This paves the way for the heavily-debted country to receive the next installment of a bailout loan, thus easing some concerns over the global recession,” he said.

Losers outgunned gainers by 565 to 188, while 304 counters were unchanged, 603 untraded and 40 others suspended.

Volume rose to 1.14 billion shares worth RM1.67 billion from 964.23 million shares worth RM1.27 billion yesterday.

The Finance Index slid 62.819 points to 14,886.94, the Industrial Index fell 45.92 points to 2,681.3 and the Plantation Index decreased 38.27 points to 7,827.22.

The FBM Ace Index declined 28.74 points to 4,192, the FBM Emas Index eased 80.61 points to 10,891.79, the FBMT100 lost 77.04 points to 10,737.88 and the FBM Mid 70 Index dipped 141.34 points to 11,922.82. – Bernama

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