BURSA Malaysia erased earlier gains to close marginally lower today as profit-taking emerged in utilities as well as telecommunication companies, amid cautious performance on the regional markets, dealers said.
The FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.62 of-a-point to end at 1,518.16 compared with Tuesday’s close of 1,518.78.
The benchmark index, which opened 0.77 of-a-point higher at 1,519.55 this morning, moved between 1,516.57 and 1,527.84 throughout the day.
Market breadth was slightly negative as losers led gainers 444 to 394, while 436 counters were unchanged, 1,005 untraded, and six others suspended.
Total turnover increased to 2.72 billion units worth RM1.91 bil from 2.69 billion units worth RM2.22 bil on Tuesday (Aug 16).
Petronas Gas and Digi.com were among the biggest contributors to the losses in the composite index, declining 28 sen and 7.0 sen to RM17.02 and RM3.79, respectively, contributing a combined 1.87 points. — Aug 17, 2022
