Bursa Malaysia ends lower on profit-taking

BURSA Malaysia extended yesterday’s (Aug 17) losses to close marginally lower today on continued profit-taking in selected financial services as well as industrial products and services counters, in line with the weaker sentiment on regional bourses.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.89 points to 1,446.09 from 1,447.98 at Thursday’s close.

The barometer index opened 1.25 points better at 1,449.23, its intraday high, and hit a low of 1,442.26 during the mid-afternoon session.

On the broader market, decliners overwhelmed gainers 552 to 380 while 435 counters were unchanged, 981 untraded and 29 others suspended.

Turnover declined to 3.19 billion units worth RM2.12 bil from 4.34 billion units worth RM2.56 bil on Thursday. – Aug 18, 2023

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