Jittery investors bring down Bursa for eighth day

he Malaysian stock market lost more than RM51 billion in market value over the past eight days as the global economic uncertainties rattled investors.

The entire market value of the local bourse is below the RM1.02 trillion level, from RM1.07 trillion eight days ago. The amount lost is equivalent to more than three times that of the 10 biggest public-listed companies' most recent full-year net profits of about RM16 billion.

The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) fell for the eighth consecutive day yesterday, its worst losing streak since 2008, closing 1.85 per cent lower at 1,250.13 points, its lowest close in more than two months.

Over the past 30 days, only two FBM KLCI component stocks have seen gains: Astro and DiGi.

Read more: Jittery investors bring down Bursa for eighth day http://www.btimes.com.my/Current_News/BTIMES/articles/mkt2505/Article/#ixzz0p5KaKzXc