Foreign funds punish KLCI, key Asian markets skid - Business News - News Summed Up

Foreign funds punish KLCI, key Asian markets skid - Business News


KUALA LUMPUR: Foreign funds battered Malaysia's stock market on Wednesday sending the FBM KLCI down as much as 3.47% in the worst one-day loss in recent years, when compared with the regional bourses following the political turmoil in Italy. The fresh negative news came from Italy after political turmoil in Italy sparked concerns over the stability of the euro zone, sending key Asian markets lower. Among the KLCI stocks, Public Bank skidded 76 sen to RM24.14, Tenaga, 60 sen to RM14.18 and MISC 57 sen to RM5.22. YTL lost 9.5 sen to 92.5 sen with 74.23 million shares done. Muda lost 78 sen to RM2.04, Aeon Credit 76 sen to RM14.34 and Hengyuan 62 sen to RM6.14.


Source: The Star May 30, 2018 08:13 UTC



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