Bursa Malaysia snaps 4-day winning streak to end lower

BURSA Malaysia snapped its four-day winning streak to close lower today, driven by continuous profit taking in heavyweights led by plantation stocks, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 16.43 points to 1,538.13 from Tuesday’s close of 1,554.56.

The benchmark index, which opened 11.05 points weaker at 1,543.51, moved between 1,536.76 and 1,544.74 throughout the day.

On the broader market, however, gainers beat decliners 518 to 475, while 517 counters were unchanged, 804 untraded, and 12 others suspended.

Turnover fell to 4.17 billion units worth RM2.73 bil from 4.28 billion units worth RM2.93 bil yesterday. – March 13, 2024

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