Bursa Malaysia ends lower as profit-taking persists

bursa

BURSA Malaysia ended lower as profit-taking activities persisted for a second consecutive day as investors positioned themselves ahead of next week’s shortened trading schedule, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.47 points, or 0.22%, to 1,573.73 from yesterday’s close of 1,577.20.

The index opened 0.30 of-a-point higher at 1,577.50 and moved between 1,566.84 and 1,577.50 duing the day.

Market breadth was negative with losers thumping gainers 654 to 314, while 491 counters were unchanged, 962 untraded and 133 suspended.

Turnover was lower at 3.0 billion units valued at RM3.06 bil from Thursday’s 3.23 billion units valued at RM2.74 bil. – Jan 24, 2025

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