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FBM KLCI down as Bursa small caps rise on rotational play

Mimi Sabreena 6:03:00 PM Informasi

KUALA LUMPUR (Oct 10): The FBM KLCI closed down 2.9 points or 0.2% amid geopolitical concerns and US interest rate hike cues. Bursa Malaysia small-capitalisation (small-cap) stocks however rose on rotational interest.

At 5pm, the KLCI closed at 1,761.13 points. FTSE Bursa Malaysia ACE and FTSE Bursa Malaysia Small Cap indices rose 0.54% and 0.11% respectively.

“Blue chips (on the KLCI) are still in hibernation and appear to be extending their consolidation,” TA Securities Holdings Bhd technical analyst Stephen Soo told theedgemarkets.com.

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