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FBM KLCI closes lower on profit taking

Mimi Sabreena 6:19:00 PM Informasi

KUALA LUMPUR (Sept 8): The FBM KLCI saw a modest pullback today on profit taking, erasing gains accumulated over the past two trading days.

The benchmark index closed the day 3.08 points or 0.17% lower at 1,779.90. It opened at 1,781.07 points and moved between 1,775.06 and 1,782.81.

Malacca Securities head of research Victor Wan said the index's retreat was a "healthy pullback", as gains in the market, which largely reflected the positive economic outlook, were overdone.

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