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FBM KLCI slides on profit-taking; tech and semiconductor stocks lead gains

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FBM KLCI,KLCI,Bursa Malaysia

PUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.

KUALA LUMPUR: The FBM KLCI, which opened higher this morning, gave way to profit-taking by midday, while regional markets were mixed as investors assessed the potential impact of a Donald Trump presidency.

Losers thumped gainers at 633 to 359 while 463 counters were unchanged. Turnover stood at 2.32 billion securities valued at RM1.6bil. Malacca Securities said given Wall Street’s strong overnight performance, we believe the"Trump Trade" could spill over to the local bourse, particularly in the technology sector in the near term.

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