FBM KLCI - in consolidation
Stocks on Bursa Malaysia closed weaker yesterday, despite bullish performance in most Asian markets, on continued profit taking in most heavyweight blue-chips in line with lower crude oil prices and weaker ringgit ahead of the Organization of Petroleum Exporting Countries (OPEC) meeting today in Vienna, Austria. The FBM KLCI shed 7.69 points or 0.44% to 1,741.48 after hovering between 1,739.92 and 1,749.20 throughout the day. Losers outpaced gainers by 434 to 377 while 320 counters were unchanged. Total volume slipped to 1.36 billion units worth RM1.68 billion from 1.48 billion units worth RM1.99 billion on Wednesday.