KUALA LUMPUR (June 19): The FBM KLCI fell 3.69 points or 0.2% on crude oil losses and as investors took profit after analysts said Malaysian shares were overbought.
At 12:30pm, the KLCI settled at 1,787.62 points. The index had earlier risen to its highest so far today at 1,793.39 points.
"With the FBM KLCI's stubborn ascent to another fresh two-year high last Friday sustaining overbought readings on technical momentum indicators, a profit-taking correction is still due," TA Securities Holdings Bhd wrote in a note today.
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