BURSA Malaysia closed on a flattish note after reversing all its intraday gains as profit-taking activities sneaked into the picture in the final trading hour today, mainly dragged down by index heavyweights led by telecommunication counters, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.24 of a point to 1,597.96 from Monday’s close of 1,598.20.
The benchmark index, which opened 0.38 of a point firmer at 1,598.58, moved between 1,595.62 and 1,602.52 throughout the trading session.
However, on the broader market, gainers thumped decliners 715 to 459, with 469 counters unchanged, 746 untraded and eight others suspended.
Turnover strengthened to 5.39 billion units worth RM3.99 bil from yesterday’s 3.66 billion units worth RM2.77 bil. – July 2, 2024
