Selling pressure pushes KLCI into the red again

TheStar Thu, Apr 23, 2020 06:21pm - 3 years View Original


KUALA LUMPUR: Selling pressure in the late afternoon pushed the FBM KLCI into the red on Thursday, dragged down by losses in Maybank and Tenaga Nasional, while key Asian markets were mostly higher.

At 5pm, the FBM KLCI was down 0.25 of a point or 0.02% to 1,381.64 – off the intra-day high of 1,395. The KLCI is down 13.04% year-to-date.

Turnover was robust with 5.05 billion shares traded, though the value was about half at RM2.58bil. The broader market was firmer with 462 gainers to 376 losers and 379 counters unchanged.

The ringgit rose 0.09% against the US dollar to 4.3612 and it climbed 0.34% to the pound sterling to 5.3809.

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