Some profit taking of key bank stocks including CIMB dragged the FBM KLCI into the red at midday on Tuesday, snapping two weeks of gains while the ringgit continued to lose ground.
At midday, the KLCI was down 4.41 points or 0.26% to 1,713,79. Turnover was 1.06 billion shares valued at RM735.30mil. Losers beat gainers 474 to 241 and 290 counters unchanged.
The ringgit weakened against the major currencies due to the decline in oil revenues and other factors. It fell to 4.2400 against the US dollar from 4.2075 the previous day while it slipped to 6.5640 against the pound sterling from 6.5049 and it was at 3.0526 against the Singapore dollar from 3.0426.
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At midday, the KLCI was down 4.41 points or 0.26% to 1,713,79. Turnover was 1.06 billion shares valued at RM735.30mil. Losers beat gainers 474 to 241 and 290 counters unchanged.
The ringgit weakened against the major currencies due to the decline in oil revenues and other factors. It fell to 4.2400 against the US dollar from 4.2075 the previous day while it slipped to 6.5640 against the pound sterling from 6.5049 and it was at 3.0526 against the Singapore dollar from 3.0426.
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