FBM KLCI skids as YTL Corp, YTL Power drag

Quick Summary:

KUALA LUMPUR: The FBM KLCI closed at its intraday low, dragged down by YTL-related counters, as cautious investors stayed on the sidelines, in line with regional peers.

Meanwhile, Reuters reported that crude oil prices slumped after Trump on Friday reiterated his call for OPEC to cut oil prices.

YTL Corp fell 19 sen to RM1.93, dragging the index down by 2.9781 points.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongJapanSouth KoreaSingaporeTaiwan

Topics: /Business/Business News Markets Bursa Malaysia YTL Power FBM KLCI KLCI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 17:19:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 398 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25494376

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Official Website: thestar.com.my

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