Tuesday 7 July 2015

KLCI wavers as investors cautious on foreign selling

The FBM KLCI wavered in nearly Tuesday trade on lingering worries on the outlook for Greece, the weak ringgit and continued pressure from foreign selling.

At 9.27am, the KLCI was down 0.1 points to 1,716.95. Turnover was 210.74 million shares valued at RM90.92mil. However, the broader market was firmer with 178 gainers to 117 losers and 186 counters flat.

Reuters reported Asian stocks won a reprieve on Tuesday after sharp falls the previous day but investors remained on edge amid uncertainty over Greece's position in the euro and volatility in mainland Chinese share markets. Japan's Nikkei rose 1.2% while MSCI's broadest index of Asia-Pacific shares outside Japan, which fell to six-month low on Monday, was up 0.2%.

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