BURSA Malaysia retreated to close lower today following broad-based selling after a four-day rally, primarily due to profit-taking amid the mostly weaker regional peers, said an analyst.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.60 points, or 0.66 per cent, to 1,577.20 from yesterday’s close of 1,587.80.
The index opened 1.28 points lower at 1,586.52 and moved between 1,575.67 and 1,586.52 during the day.
Market breadth was negative with losers thumping gainers 671 to 283, while 503 counters were unchanged, 940 untraded and 83 suspended.
Turnover climbed to 3.23 billion units valued at RM2.74 bil from Wednesday’s 2.99 billion units valued at RM2.24 bil. – Jan 23, 2025
