Bursa Malaysia erases earlier gains to close broadly lower on Friday

BURSA Malaysia gave up modest gains earlier to close broadly lower Friday on persistent selling in selected heavyweights.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 11.69 points, or 0.84%, to 1,376.68 from 1,388.37 at Wednesday’s (June 28) close.

The key index opened 0.15 of a point firmer at 1,388.52 this morning and moved between 1,370.15 and 1,391.48 throughout the session.

The broader market was also negative as losers thumped gainers 506 to 348, while 393 counters were unchanged, 1,077 untraded and 96 others suspended.

Turnover narrowed to 2.65 billion units worth RM2.03 bil versus 2.82 billion units worth RM1.49 bil on Wednesday. – June 30, 2023

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