BURSA Malaysia retreated from yesterday’s gains to close in negative territory on Thursday as broad-based profit-taking following the recent uptrend mirrored the performance of most regional markets, an analyst said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.49 points, or 0.66% to 1,573.02 from Wednesday’s close of 1,583.51.
The benchmark index opened 0.76 of-a-point easier at 1,582.75, and reached a high of 1,586.85 in the early morning session before succumbing to selling pressure to dip to a low of 1,572.27 in the afternoon session.
In the broader market, losers trounced gainers 626 to 459, while 453 counters were unchanged, 856 untraded and seven suspended. – May 15, 2025
