Bursa Malaysia ends flat on last-minute profit-taking on Thursday

BURSA Malaysia ended flat today on last-minute selling that halted the key index’s recovery as investors adopted a wait-and-see attitude before taking further position ahead of the tabling of Budget 2024 next week, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.24 of-a-point to 1,415.60 from Wednesday’s (Oct 4) closing of 1,415.84.

The index, which opened 2.40 points lower at 1,413.44, moved between 1,412.17 and 1,420.61 during the day.

However, market breadth was positive with gainers outpacing decliners 453 to 355, while 503 counters were unchanged, 977 untraded and 15 others suspended.

Turnover increased to 3.11 billion units worth RM2.25 bil from 3.02 billion units worth RM2.23 bil on Wednesday. – Oct 5, 2023

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