Bursa ends lower as vaccination programme drags down glove heavyweights

BURSA Malaysia closed at its intraday low for the third consecutive day, as selling in glove heavyweights intensified in conjunction with the implementation of the National COVID-19 Immunisation Programme today.

The market barometer also moved in tandem with the downtrend seen in most of regional peers today.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 7.50 points, or 0.48%, to 1,557.55 from 1,565.05 at Tuesday’s closing.

The key index opened 5.96 points firmer at 1,571.01 and moved between 1,557.55 and 1,581.55 throughout the day.

Market breadth was negative with losers thumping gainers 995 to 332, while 404 counters were unchanged, 467 untraded and 15 others suspended.  

Total volume was higher at 12.70 billion units worth RM7.01 bil compared with 11.45 billion units worth RM5.54 bil on Tuesday. – Feb 24, 2021

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