Bursa Malaysia ends flat, late bargain hunting pares loss

BURSA Malaysia pared earlier losses to end marginally lower as bargain hunting emerged in selected heavyweight counters during the final hour of trading.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.52 of a point to 1,434.22 from yesterday’s close of 1,434.74.

The barometer index opened 0.87 points lower at 1,433.87 and moved between 1,430.89 and 1,435.01 throughout the day.

Gains by Tenaga Nasional helped lift the key index by 1.334 points.

The market breadth was negative as decliners surpassed gainers 443 to 429, while 427 counters were unchanged, 976 untraded and 29 others suspended.

Turnover stood at 3.07 billion units worth RM2.03 bil. – April 13, 2023

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