BURSA Malaysia snapped a seven-day winning streak to end lower today due to profit-taking in utilities, energy, and technology stocks, said an analyst.
At the close, the FTSE Bursa Malaysia KLCI (KLCI) slid 5.93 points or 0.36% to 1,642.77 from yesterday’s close of 1,648.70.
The benchmark index opened 0.86 of-a-point higher at 1,649.56 and thereafter hit a notable intraday high of 1,660.29 at mid-morning, marking a level not seen since mid-December 2020.
The index continued to move downwards and slipped to a low of 1,637.45 in the afternoon session.
On the broader market, losers beat gainers 857 to 357, with 433 counters unchanged, 833 untraded, and 11 others suspended.
Turnover swelled to 4.19 billion units valued at RM4.55 bil from 3.89 billion units worth RM4.30 bil on Monday. – Aug 20, 2024
