Bursa Malaysia ends slightly higher despite weak market breadth

Malaysian equities ended the day mostly lower following a heavy sell-off on Wall Street overnight particularly in technology stocks, said an analyst.

However at 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 0.03 per cent or 0.51 of-a-point to 1,600.09 from Wednesday’s close of 1,599.58.

The index opened 4.40 points lower at 1,595.18 and moved between 1,590.83 and 1,600.73 throughout the trading session.

The broader market remained negative as decliners outpaced gainers 693 to 369, while 540 counters were unchanged, 870 untraded and 49 suspended.

Turnover widened to 3.20 billion units worth RM3.03 billion versus 2.55 billion units valued at RM2.29 billion on Wednesday. —Dec 19, 2024

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