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.

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