Lower on cautious trading
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