BURSA Malaysia reversed early gains to close marginally lower today, dragged down by profit-taking in financial services as well as industrial products and services counters, an analyst said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.18 per cent, or 2.74 points, to 1,536.80 from yesterday’s close of 1,539.54.
CIMB and Petronas Chemicals were the top two contributors to the benchmark index’s decline, falling 18 sen to RM6.90 and 15 sen to RM3.30, respectively, with a combined negative contribution of 5.36 points.
The market bellwether opened 1.10 points better at 1,540.64 and moved between 1,533.15 and 1,544.98 throughout the trading session.
In the broader market, losers trounced gainers 540 to 367, while 492 counters were unchanged, 936 untraded, and 17 suspended.
Turnover increased to 2.79 billion units worth RM1.88 bil against Monday’s 2.34 billion units valued at RM2.08 bil. –
