Malaysia’s blue chips closed lower on Friday, weighed down by selling of key stocks including Axiata and Maybank, as selling picked up pace, mirroring the weaker key regional markets.
At 5pm, the FBM KLCI was down 12.62 points or 0.76% to 1,643.90 – giving up more than half of Thursday’s days gains. Year-to-date, the KLCI is down 6.66%. Turnover was 1.74 billion shares valued at RM2.15bil. Declining stocks led gainers 498 to 335 while 342 counters were unchanged.
However, the ringgit managed to strengthen against the major currencies. It firmed up to 4.2857 against the US dollar from the previous close of 4.3130 and it was at 6.4039 to the pound from 6.4461. It was at 3.0343 to the Singapore dollar from 3.0529.
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At 5pm, the FBM KLCI was down 12.62 points or 0.76% to 1,643.90 – giving up more than half of Thursday’s days gains. Year-to-date, the KLCI is down 6.66%. Turnover was 1.74 billion shares valued at RM2.15bil. Declining stocks led gainers 498 to 335 while 342 counters were unchanged.
However, the ringgit managed to strengthen against the major currencies. It firmed up to 4.2857 against the US dollar from the previous close of 4.3130 and it was at 6.4039 to the pound from 6.4461. It was at 3.0343 to the Singapore dollar from 3.0529.
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