Monday 9 November 2015

Firmer manufacturing data fails to lift KLCI, ringgit weakens

The stronger-than-expected industrial production index in September failed to boost investor sentiment as the ringgit continued to lose ground and worries about outflows when the US hikes interest rates in December.

At 12.30pm, the KLCI was down 3.31 points or 0.2% to 1,682.39. Turnover was 1.22 billion shares valued at RM756.89mil. There were 348 gainers, 384 losers and 351 counters unchanged.

Southeast Asian stock markets were flat-to-weaker on Monday as a contraction in Chinese exports and worries over a likely Fed rate hike in December prompted investors to take quick profits, with Indonesia leading the pack amid a fall in the rupiah, according to Reuters.

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