KUALA LUMPUR (Sept 15): The FBM KLCI fell by 0.51% or 8.4 points as Asian stocks in general, tumbled on uncertainties surrounding the effectiveness of unconventional easy monetary policies to stimulate growth. The benchmark index settled at 1,652.99 as at market close today, after touching an intraday low of 1,650.9 in the morning. “The June quarter results weren’t that great and the general market is looking at cutting earnings forecast. The market P/E is also high, with not much upside. It is trading at a forward P/E band that is well above its 10-year mean.

Source: The Edge Markets September 15, 2016 09:45 UTC