(Kuala Lumpur, 12th) The Malaysian stock market closed down for 5 consecutive trading days. The FTSE Composite Index fell 35.32 points or 2.32% today to close at 1484.83 points, setting the largest single-day drop this year.

Based on the total market value of the Malaysian stock market today of RM1.818 trillion, compared with yesterday’s RM1.846 trillion, RM28 billion evaporated in a single day, which is even worse than the RM23 billion drop on Tuesday (11th), and the heavy selling pressure can be seen.

The KLCI opened at 1504.71 points this morning and then the decline intensified, reaching a low of 1478.84 points during the session. Although the decline narrowed slightly in the late trading, it finally closed at 1484.83 points, continuing the decline in recent days.

It is worth mentioning that this is also the second time since August 5 last year that the KLCI has collapsed, when the KLCI plummeted 74.57 points or 4.6% in a single day.

Looking at the 30 major components of the index, 20 components closed lower; 8 rose, and 2 remained unchanged.

Among them, CIMB (1023, Main Board Financial Stocks) fell 26 sen or 3.6% to close at RM7, dragging the KLCI down 4.03 points; Tenaga Nasional (5347, Main Board Utilities) fell 40 sen or 3.0% to close at RM13, dragging the KLCI down 3.3657 points.

Only the transportation and logistics sector rose slightly in the sector index

The trading volume of the Malaysian stock market today was 3.098 billion shares, with a trading value of RM3.35529 billion. There were 659 stocks that fell, 297 stocks that rose, and 469 stocks that were flat.

From the performance of the sector index, there were 12 sectors in the Malaysian stock market that closed down today, with only the transportation and logistics index rising slightly by 0.1%.

The construction stock index fell the most, falling 4.2% in a single day; the financial stock index could not resist the selling pressure and plummeted 3.0%.