BURSA Malaysia ended broadly lower today, with the key index falling by 0.77% due to profit-taking led by banking stocks, coupled with heightened concerns over the geopolitical risk between Russia and Ukraine, dealers said.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 12.25 points to 1,573.89 from 1,586.14 at yesterday’s close, after opening 0.58 of-a-point weaker at 1,585.56.
The key index fluctuated between 1,565.24 and 1,586.07 throughout the trading session.
Banking heavyweights Maybank and CIMB lost 7 sen to RM8.70 and RM5.48 respectively, Public Bank fell 8 sen to RM4.28, and Hong Leong Bank eased 12 sen to RM19.74.
The overall market breadth was negative with decliners trouncing advancers 960 to 256, while 295 counters were unchanged, 769 untraded, and 35 others suspended.
Total turnover increased to 5.51 billion units worth RM4.12 bil against Wednesday’s 2.97 billion units worth RM2.68 bil. – Feb 24, 2022
