KLCI extends losses for third day as global markets fall - News Summed Up

KLCI extends losses for third day as global markets fall


KUALA LUMPUR (Oct 27): The FBM KLCI extended losses for the third consecutive day amid slower regional markets after weaker earnings by Apple Inc dragged US markets to close lower overnight. At market close, the benchmark index fell 4.89 points or 0.29% to 1,669.03. The index is expected to maintain its sideways trend as external uncertainties continue to affect sentiment on the KLCI. Market breadth remained negative with 396 decliners against 339 gainers, while 406 counters were unchanged. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.9% in afternoon trade.


Source: The Edge Markets October 27, 2016 10:05 UTC



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