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KLCI falls 0.4% with Genting as foreign selling continues

Mimi Sabreena 6:02:00 PM Informasi

KUALA LUMPUR (Sept 28): The FBM KLCI dropped 6.18 points or 0.4% mainly on late selling of index-constituent Genting Bhd shares. Malaysian equities have seen foreign selling on US interest rate hike and tax cut cues.

At 5pm, the KLCI ended at 1,758.06 points while Genting shares fell three sen to RM9.48. In currency markets, the ringgit weakened to 4.2310 versus the US dollar at 5:22pm.

“It (Malaysian shares) was down since last week on foreign selling factor. Investors’ sentiment will definitely get affected from this.

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