BURSA Malaysia bucked the trend in most major regional markets to close lower on Monday on continued selling in selected heavyweights including banking counters ahead of the total lockdown tomorrow, but losses were cushioned by buying in glove counters.
At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.89 points to close at 1,583.55 versus 1,594.44 at Friday’s close.
The index opened 23.4 points lower at 1,571.04 and moved between 1,568.47 and 1,585.97 throughout the day.
Market breadth was negative with losers thumping gainers 843 to 273, while 354 counters were unchanged, 712 untraded, and 58 others suspended.
On the broader market, buying momentum was mild with total volume decreasing to 6.42 billion units worth RM3.48 bil from 8.82 billion units worth RM4.19 bil on Friday. – May 31, 2021
