FBM KLCI slips again on profit-taking

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KUALA LUMPUR (Jan 10): The FBM KLCI fell 4.03 points or 0.22% as profit-taking drove the index lower for the second consecutive day.

At 5pm, the KLCI closed at 1,822.92 points after rising to its  intraday high at 1,830.63 points. Yesterday, the KLCI dropped 5.2 points to 1,826.95 points.

Today, Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com that profit-taking in the Malaysian stock market
"is not that glaring, and is normal considering the local market has been on the uptrend since end-December".

In recent days, the KLCI closed higher at 1,782.70 points on Jan 2 before climbing to 1,832.15 points on Monday (Jan 8).

Across Bursa Malaysia today, 5.75 billion shares valued at RM3.78 billion exchanged hands.

UMW Oil & Gas Corp Bhd was the most-active stock with some 352 million shares traded. UMW Oil & Gas fell 1.5 sen to 41 sen.