The FBM KLCI extended its decline for a second consecutive day on Wednesday (May 10), dragged down by selling mainly for banking stocks, in tandem with the weak regional performance.
At 5pm, the market bellwether had eased by 6.95 points or 0.49% to 1,425.68, from Tuesday’s close at 1,432.63.
The key index opened 0.48 of a point firmer at 1,433.11, and moved between 1,424.53 and 1,433.68 throughout the day.
Market breadth was negative, with decliners surpassing gainers 438 to 364, while 435 counters were unchanged, 1,005 untraded, and 23 others suspended.
Turnover decreased to 2.78 billion units valued at RM1.65 billion, from 3.45 billion units valued at RM2.12 billion on Tuesday.
