BURSA Malaysia retreated from yesterday’s gain to close lower today in line with regional bourses as emerging concerns over the Middle East prompted selling activities across the board, an analyst said.
Public Bank and CIMB Group led the retreat, falling 8.0 sen and 11 sen each to RM4.53 and RM7.95, respectively, erasing 4.62 points off the local benchmark index.
The FTSE Bursa Malaysia KLCI (FBM KLCI) decreased by 17.08 points, or 1.03%, settling at 1,639.31, down from Tuesday’s close of 1,656.39.
The market bellwether opened 13.61 points lower at 1,642.78 – its highest level today – before falling as low as 1,633.08 during the mid-afternoon session.
On the broader market, decliners thumped gainers by 874 to 270, with 467 counters unchanged, 799 untraded and eight suspended.
Turnover rose to 3.86 billion units valued at RM2.73 bil, down from Tuesday’s 2.55 billion units worth RM2.41 bil. – Oct 2, 2024
