Bursa Malaysia ends at intraday low on continued selling

CONTINUOUS selling in selected healthcare and financial services counters pulled Bursa Malaysia to end at intraday low today, marking its fourth consecutive day of decline, in line with negative sentiment on regional bourses, dealers said.

IHH Healthcare and Public Bank were among the top two losers, falling 15 sen and 4.0 sen each to RM6.40 and RM4.50, respectively, contributing a total of 3.62 points to the loss in the composite index.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 11.23 points or 0.73% to end at its lowest level for the day of 1,531.30, from Monday’s close of 1,542.53, after hitting a high of 1,547.84 in the early morning session.

The benchmark index, which opened 5.31 points higher at 1,547.84, remained in the negative territory for most part of the day.

Market breadth was negative with decliners outpacing advancers 696 to 247, while 406 counters were unchanged, 950 untraded and 11 others suspended.

Total turnover rose to billion 3.60 units worth RM2.09 bil from 3.41 billion units worth RM1.88 bil on Monday. — May 24, 2022

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