Bursa ends lower on profit-taking, concerns over COVID-19 cases

BURSA Malaysia closed lower today as the daily new COVID-19 cases in the country remained high, amid profit-taking after the bourse recorded three days of gains last week.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 8.09 points to 1,600.29 compared to Friday’s close of 1,608.38.

The barometer index opened 0.27 of-a-point weaker at 1,608.11 and fluctuated between 1,596.05 and 1,608.62 throughout the session.

The overall market breadth was negative with losers outpacing gainers 739 to 397, while 380 counters were unchanged, 643 untraded and seven others suspended.

Total volume increased to 7.47 billion shares worth RM4.10 bil from last Friday’s 6.56 billion shares valued at RM4.39 bil.

Subscribe and get top news delivered to your Inbox everyday for FREE