BURSA Malaysia bucked the regional trend to settle lower on Thursday, as selling pressure in selected banking heavyweights dampen sentiment, in the absence of fresh domestic catalysts coupled with an unexciting batch of corporate earnings releases, said an analyst.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 4.50 points, or 0.29%, to 1,518.98 from Wednesday’s close of 1,523.48.
The benchmark index opened 2.12 points higher at 1,525.60 and fluctuated between 1,518.38 and 1,526.94 throughout the day.
In the broader market, decliners beat gainers 478 to 466, while 460 counters were unchanged, 982 untraded and 110 suspended.
Turnover expanded to 3.30 billion units worth RM2.22 bil compared with Wednesday’s 2.50 billion units worth RM2.03 bil. – May 29, 2025
