Bursa Malaysia retreats on profit-taking

BURSA Malaysia retreated from its gains last week to close lower on Monday due to profit-taking activities amidst mixed performance by regional markets, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.78 points to 1,443.45 from Friday’s close of 1,450.23.

The index opened 0.40 of-a-point easier at 1,449.83 and moved between 1,441.17 and 1,450.32 throughout the day.

Market breadth was negative as decliners beat gainers 555 to 392, while 448 counters were unchanged, 1,004 untraded and 49 others suspended.

Turnover was slightly higher at 3.33 billion units worth RM2.04 bil from 3.13 billion units worth RM2.08 bil last week. – Sept 25, 2023

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