BURSA Malaysia ended the week on a low note, weighed down by continuous selling in selected heavyweights, led by telecommunications and media counters, due to emerging concerns over global economic uncertainties.
Maxis and CelcomDigi led the retreat, losing 22 sen and 9.0 sen to RM3.65 and RM3.62, respectively, erasing a combined 4.70 points off the local benchmark index.
The FTSE Bursa Malaysia KLCI (FBM KLCI) declined 11.58 points from Thursday’s close, settling at 1,629.97.
The market bellwether opened 3.06 points lower at 1,638.49 and moved between 1,625.35 and 1,639.29 throughout the day.
On the broader market, decliners outpaced gainers 610 to 410, with 514 counters unchanged, 874 untraded and 16 suspended.
Turnover slipped to 3.10 billion units valued at RM2.67 bil from Thursday’s 3.29 billion units worth RM2.52 bil. – Oct 4, 2024
