Bursa Malaysia’s key index extended its decline to close below the 1,600 support level on Wednesday as persistent selling weighed on banking heavyweights, said an analyst.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 8.88 points or 0.55 per cent to 1,595.19 from yesterday’s close of 1,604.07.
The benchmark index opened 2.02 points lower at 1,602.05 and fluctuated between an intraday low of 1,588.75 and a high of 1,602.54 throughout the day.
However, market breadth was positive, with gainers outnumbering losers 686 to 427. Another 474 counters were unchanged, 1,187 were untraded and 12 suspended.
Turnover climbed to 2.90 billion units valued at RM2.33 billion compared with yesterday’s 2.79 billion units valued at RM2.77 billion.
