‘Hungry bears’ halt KL stocks rally: OSK (Business Times (Malaysia))

MALAYSIA’S benchmark stock index may extend declines after sliding below the 100-day moving average, halting a rally that lasted almost a year, according to OSK Research Sdn Bhd. Malaysia’s FTSE Bursa Malaysia KLCI Index slumped 1.4 per cent to 1,247.90 on Feb. 5, the steepest decline since Aug. 17, and below the 100-day moving average of 1,258.17. Ten-day implied volatility on the stock index …

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