The FBMKLCI Index fell for the seventh consecutive day due to persistent selling pressure in both telco and utilities names. The overall fall was in tandem with a mixed performance across the regional equities markets.
The FBM KLCI rebounded during morning trading, recovering from earlier losses observed earlier in the week.
Closing the early session with a gain of 3.55 points at 1,596.25, the index, however, continued to face resistance below the key psychological level of 1,600.
Market breadth remained negative, with 559 stocks declining compared to 485 advancing and 462 unchanged.
Trading activity saw a turnover of 3.22 billion shares valued at RM1.89 billion.
