Profit taking of selected blue chips especially Maxis and Axiata saw the FBM KLCI erasing nearly four points at midday on Tuesday while the ringgit lost ground as crude oil stayed below US$50 per barrel.
In the holiday-shortened trading session, with the market closing at midday, the KLCI was down 4.13 points or 0.25% to 1,650.71. Turnover was 635.91 million shares valued at RM711mil. There were 299 gainers, 305 losers and 319 stocks unchanged.
Key Asian markets stalled at the midday break except in China, which rose on Tuesday on further signs that growth in the country's services sector is speeding up, and as investors bought shares which are expected to benefit from reforms.
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In the holiday-shortened trading session, with the market closing at midday, the KLCI was down 4.13 points or 0.25% to 1,650.71. Turnover was 635.91 million shares valued at RM711mil. There were 299 gainers, 305 losers and 319 stocks unchanged.
Key Asian markets stalled at the midday break except in China, which rose on Tuesday on further signs that growth in the country's services sector is speeding up, and as investors bought shares which are expected to benefit from reforms.
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