KUALA LUMPUR: Bursa Malaysia dropped for a fifth straight session on Wednesday, as cautious emotion weighed on buying pattern ahead of US Federal Reserve chairman’s speech in the Jackson Hole meeting.
At closing, the FBM KLCI ended up 4. 8 factors, or 0. 32% to 1, 482. 57, dragged down simply by losses in banking institutions and plantations stocks.
Broader market sentiment was weak, with 467 losers outpacing 407 gainers and 416 counter tops which traded unrevised. Turnover was on 2 . 03 billion dollars shares worth RM1. 55bil.
Along with investors’ profit-taking, sellers said investors were also concerned about the particular Federal Reserve’s policy tightening.
Kuala Lumpur Kepong, the very best loser on Bursa Malaysia, lost 84 sen to RM21. 76. Batu Kawan fell 60 sen to RM23. seventy, Panasonic Manufacturing 
shed 60 sen to RM26. 30 and Carlsberg declined 30 sen to RM23. 68.
Among the gainers, Hengyuan jumped RM1. 29 to RM5. 59, Petron surged RM1. 02 to RM5. 86 and Can-One added 22 sen to RM3. 99.
At the same time, the ringgit has been quoted at four. 4880, down 0. 04% against the ALL OF US dollar.
ALL OF US West Texas Advanced crude rose US$1. 65 to US$92. 01 a barrel or clip and Brent additional US$1. 47 in order to US$97. 95 for each barrel.
To the external front, MSCI’s Asia ex-Japan stock index was lower by 0. 73%.
Japan’s Nikkei 225 fell 1 ) 19% to 28, 452. 75 while South Korea’s Kospi closed down one 1%, at 2, 435. 34.
Hong Kong’s Hang Seng ended 0. 78% lower with 19, 503. twenty five.
China’s CSI300 index fell 0. 49% to 4, 161. 08 as the Shanghai Composite reduced 0. 05% in order to 3, 276. 22.