Banking stocks drag Bursa Malaysia below 1,600 level

THE fall in share prices of banking heavyweights weighed heavily on Bursa Malaysia, causing the index to slip below the crucial 1,600 mark.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.76 points, or 0.42 per cent, to settle at its intraday low of 1,597.49 from Wednesday’s close of 1,604.25.

The index opened 2.07 points higher at 1,606.32 and peaked at 1,608.01 in the early session before declining for most of the day until closing.

Losers outnumbered gainers 604 to 415 while 486 counters were unchanged, 964 untraded and 89 suspended. – Nov 28, 2024

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