Wednesday, 19 August 2015

CIMB and Maybank lift KLCI amid volatile Asian markets

Fund buying of CIMB and Maybank shored up the FBM KLCI at midday on Wednesday but the key Asian markets fell, hit by the China contagion effect.

At 12.30pm, the FBM KLCI was up 4.69 points or 0.3% to 1,584.29. Turnover was 1.04 billion shares valued at RM771.18mil. There were 393 gainers, 258 losers and 315 stocks unchanged

Reuters reported Japanese stocks dropped to a three-week low on Wednesday afternoon, widening earlier losses, as a slide in Chinese shares raised concerns about the stability of China's economy.

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