BURSA Malaysia gave up early gains to end at an intraday low on Thursday due to massive foreign selling, and bucking the regional trend in the process.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 6.58 points, or 0.42 per cent, to 1,555.54 from Wednesday’s close of 1,562.12.
The benchmark index opened 10.49 points higher at 1,572.61 and rose to an intraday high of 1,576.57 in the early session before succumbing to selling pressure to hit an intraday low of 1,555.54 at closing.
Market breadth was negative, with losers leading gainers 517 to 459, while 487 counters were unchanged, 912 untraded and nine others suspended.
Turnover increased to 3.57 billion units valued at RM3.15 bil against Wednesday’s 3.40 billion units valued at RM3.08 bil. – Jan 16, 2025
