Bursa Malaysia gives up earlier gains to end lower on Wednesday

BURSA Malaysia gave up earlier gains to end in the negative territory on Wednesday, in line with the weak sentiment in regional markets following negative cues from Wall Street overnight.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,466.88, down 4.67 points or 0.32%, from Tuesday’s (Dec 6) closing of 1,471.55.

The market bellwether opened 0.09 of-a-point easier at 1,471.46 and moved in a narrow range at between 1,466.46 and 1,477.86 throughout the day.

Market breadth was also negative with losers beating gainers 501 to 401, while 369 counters were unchanged, 894 untraded, and 10 others suspended.

Turnover fell to 3.35 billion units worth RM2.25 bil from Tuesday’s 4.91 billion units worth RM2.55 bil. — Dec 7, 2022

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