MSCI reduces weightage on Malaysian stocks

A man watches stock share index movement on digital display screens in Kuala Lumpur. Efforts to make the capital market more inclusive are underway to ensure better access by start-ups, aspiring entrepreneurs and small to medium-sized companies, say Najib.

Move leads to FBM KLCI’s lowest close since February

KUALA LUMPUR: FBM KLCI, alongside almost all of its regional peers, closed to its lowest since February after US index provider MSCI reduced its weightage on some Malaysia’s stocks in its Malaysia Index.