Bursa Malaysia ends at intraday low amid weak regional sentiment on Thursday

LATE selling in plantation counters dragged Bursa Malaysia to end at its intraday low today in line with the mostly downbeat performance on regional peers.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.14 points or 0.51 per cent to close at 1,402.48 compared with 1,409.62 at Wednesday’s (May 24) close.

The barometer index opened 0.68 points weaker at 1,408.94 this morning and moved to its highest level of 1,411.42 in the early morning session.

The broader market was also negative with decliners thumping advancers 556 to 293, while 409 counters were unchanged, 1,000 untraded and 14 others suspended.

Turnover declined to 2.36 billion units worth RM1.63 bil from 2.55 billion units worth RM1.70 bil on Wednesday.

Sime Darby Plantation and Kuala Lumpur Kepong were the top two contributors to the loss in the benchmark index, slipping 13.0 sen and 76.0 sen to RM4.28 and RM21.78, respectively, for a combined 2.83 points. — May 25, 2023

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