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FBM KLCI edges higher amid regional downtrend; plantation stocks lead decliners

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KLCI,FBM KLCI,Bursa Malaysia

SEOUL: Amid prolonged controversy over excessive fees and a lack of transparency in the wedding industry, the South Korean government said it has mandated changes to contract terms at 18 major wedding planning firms.

KUALA LUMPUR: The FBM KLCI bucked the downtrend in most regional stock markets, staying in positive territory amid a cautious broader market.

There were 566 gainers, 435 losers and 514 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.83 billion shares valued at RM2.22bil. Newly listed Life Water surged 44.62%, or 29 sen, to 94 sen, becoming the most actively traded stock on Bursa Malaysia with 233.41 mil shares traded. Reuters reported that the ringgit was the major loser on Wednesday among broadly muted emerging Asian peers.

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