Bursa Malaysia reverses earlier gains to end lower, KLCI drops below 1,400 mark

BURSA Malaysia reversed earlier gains to close in negative territory, with the benchmark index falling below the 1,400-psychological mark due to a lack of buying support, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 4.39 points, or 0.31%, to settle at 1,397.5 after opening 5.5 points higher at 1,407.39.

The benchmark index, which opened 5.5 points higher at 1,407.39, moved between 1,395.81 and 1,410.76 throughout the day.

On the broader market, decliners outpaced gainers 499 to 343, while 412 counters were unchanged, 1,147 untraded, and 57 others suspended. — Sept 29, 2022

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