Bursa Malaysia ends lower, Top Glove weighs on KLCI

Bursa Malaysia ends lower, Top Glove weighs on KLCI

PERSISTENT profit taking and selling activities mainly in blue-chips caused a reversal in yesterday’s big gains and led to Bursa Malaysia ending lower.

 

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) swung between mild gains and losses before ending 3.54 points lower at 1,598.72 compared to Tuesday’s close of 1,602.26.

 

The index opened 2.23 points higher at 1,604.49 and moved between 1,592.93 and 1,605.60.

 

On the broader market, gainers outpaced losers 640 to 557 while 503 counters were unchanged, 409 untraded and 16 others suspended.

 

Volume increased to 9.22 billion units worth RM5.43 bil from 9.19 bil units worth RM5.35 bil on Tuesday. – Dec 2, 2020