=MARKET BUZZ: Malaysia KLCI Down 0.3%, 1670-1710 Range Tipped
KUALA LUMPUR (Dec 06) -- Malaysia’s benchmark KLCI slips 0.3% to 1683.19 amid losses in Asian stock markets; Hartalega Holdings biggest index loser, declining close to 3% at MYR6.17. Overall, losers outnumber gainers 322 to 159 after 608.5 million shares worth more than MYR317 million changed hands. Outside Malaysia, the Nikkei Asia300 Index slides 1.7%. Domestic sentiment remains volatile amid series of earnings downgrades while focus now shifts to stocks benefitting from a stronger ringgit, says Maybank. Adds, “technically, we expect the FBMKLCI to range between 1670 and 1710 today.”
- By Jason Ng; Jason.Ng@NikkeiNewsRise.com; +60320267363
- Edited By Suzannah Benjamin
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