FBM KLCI closes green in a sea of red

TheStar Thu, Apr 16, 2020 08:40am - 4 years View Original


Higher index: People sitting at the trading gallery of a brokerage in Kuala Lumpur. The FBM KLCI closed 16.13 points higher at 1,387.79 yesterday, with 535 gainers and 373 losers, while 353 counters were unchanged.

PETALING JAYA: Going against the trend, the FBM KLCI was one of the few bourses that finished green in a sea of red, as weakening oil prices once again weighed in on investor sentiment.

Prices of the US West Texas Intermediate (WTI) continued to be pummelled despite the recent Opec+ deal for a record supply cutting agreement.

WTI crude hit one of its lowest levels of all time yesterday, dipping below the US$20 mark, and settling at US$19.60 as at press time.

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