Bursa extends sideways pattern to end on negative note

BURSA Malaysia ended the week in the negative territory after trading sideways throughout the day, as the downtrend of the regional markets cast a shadow on investors’ sentiments.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.79 points, or 0.24% to 1,577.75 from 1,581.54 at Thursday’s closing.

The key index opened 0.57 of-a-point lower at 1,580.97 and hovered between 1,563.56 and 1,586.23 throughout the day.

Market breadth was negative with losers thumping gainers 931 to 317, while 414 counters were unchanged, 537 untraded and 65 others suspended.

Total volume was lower at 9.81 billion units worth RM7.0 bil, compared with 10.44 billion units worth RM6.57 bil on Thursday. – Feb 26, 2021

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