Bursa Malaysia ends at intraday low, CI down 0.58%

BURSA Malaysia ended in the negative territory today amid mixed performance in regional markets as concerns loom over the weakness in oil prices.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at its intraday low of 1,616.73, down 9.46 points or 0.58 per cent, against Friday’s close of 1,626.19.

The market bellwether opened 2.28 points higher at 1,628.47, its intraday high, and started to retreat thereafter and hit a low of 1,616.73 at closing.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said market players were concerned over a drop in demand for fuel products in the wake of fresh lockdowns in Europe.

On the broader market, losers thumped gainers 744 to 392, while 422 counters were unchanged, 679 untraded and 37 others suspended.

Total volume fell to 7.57 billion shares worth RM3.99 bil from 9.04 billion shares worth RM5.80 bil on Friday. – March 22, 2021

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