BURSA Malaysia closed lower today as the market remained under pressure throughout the day due to lack of buying interest and was further dampened by the spillover effects of regional sell down, according to an analyst.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 0.11% or 1.65 points to end at 1,510.57 from 1,512.22 last Friday.
The index, which opened 4.43 points weaker at 1,507.79, moved between 1,501.51 and 1,516.60 throughout the trading session.
On the broader market, decliners thumped gainers 790 to 351, while 376 counters were unchanged, 795 untraded, and 78 others suspended.
Turnover increased to 6.14 billion units worth RM5.19 bil from Friday’s 4.90 billion units worth RM3.48 bil.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional markets also ended lower as investors were cautious over the recently discovered Omicron COVID-19 variant, which may potentially reinstate full lockdowns in some countries and possibly slowing down the economic recovery. – Nov 29, 2021
