BURSA Malaysia gave up earlier gains to end marginally lower Monday, weighed down by persistent selling in heavyweights, particularly financial services stocks, in tandem with the weakness in most regional peers.
Maybank eased four sen to RM8.70 and Public Bank slid two sen to RM3.86. Both stocks dragged the composite index down by a combined 1.44 points.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.01 points or 0.07 per cent to 1,389.88 from 1,390.89 at Friday’s close.
The key index opened 0.66 of-a-point better at 1,391.55 this morning and moved between 1,388.41 and 1,394.30 throughout the session.
The broader market was also negative as decliners outpaced gainers 476 to 292, while 465 counters were unchanged, 1,084 untraded and 40 others suspended.
Turnover declined to 2.56 billion units worth RM1.41 bil versus 4.90 billion units worth RM1.63 bil on Friday. – June 26, 2023
