THE Kuala Lumpur Stock Exchange's (KLSE) Second Board Index set a low for the ninth consecutive trading day yesterday, down 2.18 points to close at 98.32 points.
The index, which tracks 290 stocks with a combined market capitalisation of RM14.04 billion, has set the pace for the KLSE's downward trend in the last 12 months. It has led the fall of the bellwether Composite Index (KLCI) and the broader Emas Index.
A research head says the movement of the retail-based second board has been a good indicator of how the whole market is moving.
"The fear now is that the KLCI and the Emas Index will follow the second board," the head of research said.