BURSA Malaysia closed lower in tandem with the weak performance across the region following a negative cue from global equities overnight with strong selling in technology stocks, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 9.34 points, or 0.56 per cent, to 1,632.63 compared with Tuesday’s close of 1,641.97.
The benchmark index, which opened 1.83 points higher at 1,643.80, marking its intraday high, slipped to a low of 1,629.81 later in the day.
The broader market was negative, with decliners thumping gainers 701 to 340, while 505 counters remained unchanged, 947 untraded, and eight suspended.
Turnover narrowed to 2.79 billion units worth RM3.16 bil versus 2.87 billion units valued at RM2.77 bil on Tuesday. – Oct 16, 2024
