Wednesday, 27 May 2015

Malaysian stock market worst performer in region

Malaysia’s stock market is the worst performer among key Asian markets, with the benchmark FBM KLCI just up 0.16% year-to-date at the close of the trade on Tuesday.

At 5pm, the KLCI was down 3.31 points or 0.19% to 1,764.07 weighed down by losses in CIMB and Genting Malaysia. Turnover was 1.58 billion shares valued at RM1.937bil.  Advancers led decliners 485 to 318 while 331 counters were unchanged.

The second worst performer is the Stock Exchange of Thailand Index which is up 0.31%.

The ringgit also weakened against the US dollar to 3.6295 at 5pm from the previous close of 3.6145.

Foreign funds have again resumed reducing their shareholdings in the Malaysian market due to the lack of domestic rerating catalysts.

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