Friday, October 21, 2011

Bursa Malaysia says sharp drop in index due to broker trades

KUALA LUMPUR, Oct 21 — Malaysia’s stock exchange operator Bursa Malaysia Bhd said a sharp drop in the FTSE Bursa KLCI, its benchmark index, was due to trades keyed in on select index component stocks by a broker.
The KLCI dropped 4.8 per cent at 4:41pm to 1,371.92 points from 1,440.52 points before recovering 10 minutes later. The KLCI closed down 0.2 per cent for the day at 1,438.83 points.

Bursa did not say if the trades were made deliberately or by accident. — Reuters