BURSA Malaysia gave up early gains to close lower today, as profit-taking emerged in selected financial services counters, amid cautious sentiment on the regional market, an analyst said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.46%, or 7.16 points, to 1,542.74 from yesterday’s close of 1,549.90.
Maybank and CIMB were the top two contributors to the benchmark index’s decline, falling 12 sen to RM9.88 and 8.0 sen to RM6.87, respectively, with a combined negative contribution of 3.55 points.
The market bellwether opened 0.31 of-a-point higher at 1,550.21, and moved between 1,541.45 and 1,551.59 throughout the day.
In the broader market, however, gainers outpaced losers 514 to 407, while 479 counters were unchanged, 951 untraded, and nine suspended.
Turnover swelled to 3.36 billion units worth RM2.71 bil compared to 2.84 billion units worth RM2.43 bil recorded on Wednesday. – May 8, 2025
