Bursa Malaysia ends lower for second day running on Wednesday

THE FTSE Bursa Malaysia KLCI (FBM KLCI) extended its decline for a second consecutive day, dragged by selling pressure mainly in banking and telecommunication stocks, amid mixed sentiments in regional bourses, a dealer said.

At 5pm, the benchmark FBM KLCI fell 5.63 points or 0.38 per cent to 1,470.75 compared with Tuesday’s (Feb 7) close of 1,476.38.

The key index opened flat at 1,476.39 and moved between 1,469.01 and 1,479.95 throughout the session.

The market breadth was negative as losers thumped gainers 566 to 371, while 403 counters were unchanged, 834 untraded and nine others suspended.

Turnover dwindled to 3.94 billion units worth RM2.51 bil against Tuesday’s 5.24 billion units worth RM3.03 bil. — Feb 8, 2023

Subscribe and get top news delivered to your Inbox everyday for FREE