KUALA LUMPUR: It’s sea of red on the local bourse, with almost 900 counters fell as heavy selling continued to bash down blue chips and small-cap stocks.
At 5pm, the benchmark FBM KLCI plunged 35.68 points, or 2.22% to 1,573.51, its lowest since early March. It fell over 45 points to hit a low of 1,564.06. The index opened 0.23 of-a-point lower at 1,608.96.
Market breadth was negative as losers hammered gainers on a ratio of 858-to-303 stocks. Traded volumes stood at 8.35 billion shares worth RM4.22bil.
The uncertainties surrounding the country’s political landscape could be the reason for the performance of the local bourse today.
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