Weak start for Malaysian shares in 2014


Top view of Bursa Malaysia building. Stock market. FBM KLCI. Stock trading. (File photo taken in August 2013 from Level 16, Menara Olympia)

PETALING JAYA: The local bourse kicked off the new year on a weaker note, dragged down by steep declines among blue-chip stocks with some investors booking quick profits following a sharp run-up towards the end of 2013.

Regional markets were mixed on the first trading day of the year. Thailand’s SET Index dived 5.2% yesterday to 1,230.77 points on domestic political worries, but stocks were higher by 1.2% in Indonesia and little changed in Hong Kong.

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Business , FBM KLCI , market , IPO , new year

   

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