Lower on cau­tious trad­ing

The Sun (Malaysia) - - SPEAK UP -

BURSA Malaysia closed slightly lower yes­ter­day, dragged down by weak in­vestor risk ap­petite and sen­ti­ment over ex­ter­nal de­vel­op­ments, as well as, the drop in oil prices.

At 5pm, the FBM KLCI slipped 2.01 points to 1,665.02 af­ter fluc­tu­at­ing be­tween 1,660.04 and 1,669.34 through­out the day. Sell­ing was mostly spot­ted in in­dexlinked coun­ters and oil and gas re­lated stocks.

Petronas Gas fell 12 sen to RM21.84, Petronas Da­gan­gan dipped 18 sen to RM23.28, and Sa­pu­raKen­cana eased two sen to RM1.65.

A dealer said in­vestors had taken a more cau­tious stance af­ter sev­eral US pol­i­cy­mak­ers said an in­crease in in­ter­est rate was needed “rel­a­tively soon”. – Ber­nama

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