THE shortened trading week has led Malaysian equities to close broadly lower on Friday with selling mainly on technology and industrial products and services counters.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) however closed 0.35%, or 5.05 points higher to 1,431.04 from Wednesday’s (May 4) close of 1,425.99.
The benchmark index opened 2.38 points lower at 1,423.61 and moved between 1,421.78 and 1,431.15 throughout the trading session.
Market breadth was negative with decliners outpacing gainers 487 to 332, while 411 counters were unchanged, 1,001 untraded and 11 others suspended.
Turnover eased to 2.57 billion units valued at RM1.42 billion, from 3.48 billion units worth RM1.57 bil on Wednesday.
The market was closed on Thursday in conjunction with Wesak Day. — May 5, 2023
