KLCI falls badly

The KL Composite Index fell 21.11 points or 1.7 percent at 1,191.48 by lunch today- a 3-month low due to political factors... after Sabah-based BN coalition party SAPP announced that it would move a motion for a no-confidence vote against the Prime Minister when Parliament starts its seating next Monday (23rd June 2008). At the close of trading today, the CI eased to 15.17 points or 1.24% at 1212.59.

Financial stocks are the major decliners, followed by plantation stocks- the CIMB, MBB, PBB, IOI, Sime Darby KL Kepong counters all fell.

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