Bursa Malaysia ends at intraday low on continued selling

CONTINUOUS selling in selected heavyweights led by consumer products and services counters, pulled back Bursa Malaysia to end at an intraday low on Wednesday, marking its second consecutive day of decline, in line with the negative sentiment on regional bourses.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.59 points, or 0.19%, to 1,389.90 from 1,392.49 at Tuesday’s (July 4) close.

The key index opened 0.11 points lower at 1,392.38 this morning and moved to its highest level of 1,395.82 in the early morning session.

However, the broader market was positive as gainers beat losers 438 to 378, while 440 counters were unchanged, 979 untraded and 18 others suspended.

Turnover narrowed to 2.54 billion units worth RM1.52 bil versus 2.60 billion units worth RM1.57 bil on Tuesday. – July 5, 2023

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