Money
Southeast Asian stocks end weaker, Malaysia’s key stock index slides to 15-month low
Malay Mail

BANGKOK, Dec 3 ― Most Southeast Asian stock markets ended flat to weaker today with Malaysia's key stock index sliding to a near 15-month closing low amid foreign outflows and a fall in the ringgit due to concerns over the impact of lower crude prices.

Kuala Lumpur's composite index fell 1.6 per cent to 1,758.15, the lowest close since September 2013. The ringgit lost as much as 0.5 per cent to 3.4420 per dollar, its weakest since February 2010.

Malaysia is a net oil exporter and major palm oil producer.

Foreign investors sold shares worth a net RM201 million, their sixth straight session of net selling, a Malaysian bourse statement said.

Brent held above US$70 (RM241.2) a barrel today, recovering slightly from losses in the prior session as a turbulent market struggled to find a price floor.

Among underperformers, Jakarta's composite index  ended 0.19 per cent lower after a rally over the past five sessions when the falling oil price helped ease concerns about fiscal and trade deficit of Indonesia. ― Reuters

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