BURSA Malaysia bucked the regional trend to close at an intraday low today, amid profit-taking after a strong closing yesterday.
The local bourse started the week strongly yesterday, buoyed by continued positive momentum with the FBM KLCI finishing 0.48% higher lifted by buying interest in utilities and telecommunication stocks, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.69 points or 0.42% to 1,575.97 from Monday’s close of 1,582.66.
The benchmark index opened 0.92 of-a-point better at 1,583.58 and hit its day’s high at 1,589.06 in the early morning session.
However, on the broader market, gainers led losers 524 to 521, while 493 counters were unchanged, 799 untraded and 74 others suspended.
Turnover declined to 4.18 billion units worth RM3.75 bil from 4.24 billion units worth RM3.25 bil on Monday. – April 30, 2024
Main pic credit: Utusan Malaysia
