Bursa Malaysia ends lower at closing, as do its regional peers

THE Kuala Lumpur stock market gave up early gains to close 0.68 per cent lower today, dipping below the 1,600-point threshold, in tandem with most regional peers, dealers said.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 10.85 points to 1,595.29 from 1,606.14 at Tuesday’s close.

The index opened 3.37 points higher at 1,609.51, its intraday high, and hit a low of 1,593.80 in the afternoon session before gaining some steam towards closing.

On the broader market, losers led gainers 622 to 548, while 446 counters were unchanged, 552 untraded and 10 others suspended.

Total volume was lower at 10.13 billion units worth RM5.22 bil compared with 12.59 billion units worth RM5.78 bil yesterday. – Feb 17, 2021

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