Malaysian stocks fall for second day, dragged by plantation counters, profit-taking - News Summed Up

Malaysian stocks fall for second day, dragged by plantation counters, profit-taking


KUALA LUMPUR (April 11): Malaysian stocks continued to fall for a second day today in tandem with regional markets, hurt by rising geopolitical tensions. The benchmark FBM KLCI index slipped 0.21% or 3.68 points to close at 1,735.84, dragged down by plantation counters that were sold down as Malaysia's palm oil stocks and production grew higher in March, as well as on profit-taking. Market breadth was negative with 358 gainers compared with 569 losers, while 364 counters traded unchanged. The top gainer was Scientex Bhd, while the leading decliner was Far East Holdings Bhd. Priceworth International Bhd was the most actively traded counter for the day.


Source: The Edge Markets April 11, 2017 09:33 UTC



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