BURSA Malaysia continued its downward trend to end lower on Monday, weighed by profit-taking in selected utility stocks following a robust sector gain of 4.13% last week.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.82 points or 0.11 per cent to 1,611.43 from Friday’s close of 1,613.25.
The index opened 2.63 points lower at 1,610.62 and hit its lowest level of 1,602.94 in the early session before crawling back up to close at its intraday high of 1,611.43.
Market breadth was negative as decliners outpaced gainers 662 to 432, while 479 counters were unchanged, 903 untraded and 13 suspended.
Turnover narrowed to 3.02 billion units valued at RM2.40 bil versus 3.18 billion units valued at RM2.82 bil last Friday. – Dec 9, 2024
