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KLCI dips 4.73 points as funds adjust portfolios

Mimi Sabreena 5:52:00 PM Informasi

KUALA LUMPUR (Dec 4): The FBM KLCI spent the day in negative territory as funds appear to have sold in order to readjust their portfolios following Bursa Malaysia’s semi-annual review of the index.

The benchmark index closed 4.73 points or 0.28% lower at 1,713.13.

Funds, especially those which are index-linked, may have contributed to the heavy selling today as they readjusted their holdings to reflect the new components of the index, said Pong Teng Siew, head of research at Inter Pacific Securities Sdn Bhd.

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