BURSA Malaysia ended the week broadly lower, driven by persistent profit-taking, mostly seen in telecommunications and healthcare companies, amid cautious sentiments in the regional markets, dealers said.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 12.18 points to end at 1,504.44 compared with Thursday’s close of 1,516.62.
The benchmark index, which opened 0.20 of a point better at 1,516.82 this morning, moved between 1,502.91 and 1,519.68 throughout the day.
Market breadth was negative as losers led gainers 426 to 395, while 449 counters were unchanged, 1,040 untraded, and 17 others suspended.
Total turnover decreased to 2.11 billion units worth RM1.53 bil from 2.51 billion units worth RM1.95 bil on Thursday.
Axiata and IHH Healthcare were among the biggest contributors to the losses in the composite index, declining 12 sen and 10 sen to RM3 and RM6.41 respectively, contributing a combined 3.37 points. — Aug 19, 2022
