FBM KLCI fell 8.4 percent first 8 months of 2015
Astro Awani
October 23, 2015 16:35 MYT
October 23, 2015 16:35 MYT
FBM KLCI declined 8.4 percent in tandem with other markets in the first eight months of 2015.
However for September 2015, the index saw an advance boosted by positive external sentiment and ringgit appreciation against the US dollar.
According to the 2015/2016 Economic Report, market sentiment was also boosted following the announcement of RM20 billion injection into ValueCap Sdn. Bhd.
Positive reactions were previously seen in the market in July following S&P's reaffirmation of Malaysia's sovereign rating and Fitch Rating's upgrade in Malaysia's outlook from negative to stable.
However, the market reached its lowest level this year of 1,532 points on 24 August 2015 on the back on mass sell-down in global and regional markets.
This was spurred by a number of external factors amongst others, Greece's debt crisis, the moderate global growth outlook, volatility in Chinese equity markets, the potential US Federal Reserve rate hike and weak commodity prices.
FBM KLCI stood at 1612.74 points by end August 2015.
It depreciated from 1818.27 in end April to 1691.92 points on 29 June 2015.