BURSA Malaysia closed lower for the third consecutive day due to profit-taking activities ahead of the Hari Raya Aidilfitri holidays amidst weaker regional market performances, an analyst said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.29 points or 0.5% lower to 1,425.07 from Tuesday’s (April 18) close of 1,432.36.
The barometer index opened 0.79 of a point weaker at 1,431.57 and moved between 1,423.05 and 1,431.57 throughout the trading session.
The market breadth was broadly negative as decliners outpaced gainers 597 to 265, while 374 counters were unchanged, 1,062 untraded, and 11 others suspended.
Turnover narrowed to 3.14 billion units valued at RM1.76 bil from 3.17 billion units worth RM1.85 bil on Tuesday. — April 19, 2023
