BURSA Malaysia ended the week in the red, succumbing to selling pressure in heavyweight counters led by the financial services sector, amid the ongoing consolidation after the recent rally, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 21.86 points or 1.31% lower at 1,652.49 compared with Thursday’s close of 1,674.35.
It opened 2.49 points better at 1,676.84 and moved between 1,644.80 and 1,678.11 throughout the day.
On the broader market, losers trounced gainers 864 to 378, while 454 counters were unchanged, 471 untraded and 47 others suspended.
Total volume decreased to 8.06 billion shares worth RM4.39 bil from 9.24 billion shares valued at RM4.33 bil on Thursday. – Dec 18, 2020
