Bursa bucks regional trend to end marginally lower

THE Kuala Lumpur stock market gave up early gains to close marginally lower today but the key index remained above the psychological 1,600-point level, despite the rally in Asian bourses, dealers said.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.93 points to 1,606.14 from 1,608.07 at Monday’s close.

The index opened 3.97 points higher at 1,612.04 and moved between 1,605.4 and 1,613.01 throughout the day.

On the broader market, gainers trounced losers 748 to 523, while 400 counters were unchanged, 490 untraded and 11 others suspended.

Total volume was higher at 12.59 billion units worth RM5.78 bil compared with 10.02 billion units worth RM4.68 bil yesterday. – Feb 16, 2021

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