Bursa Malaysia snaps four-day gains on Wednesday to end almost flat

BURSA Malaysia reversed earlier gains to end marginally lower today on profit-taking, weighed by downbeat regional markets performance, an analyst said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.06% or 0.93 of a point to 1,604.75 from Tuesday’s (May 7) close of 1,605.68.

The barometer index, which opened 1.28 points higher at 1,606.96, moved to a low of 1,602.29 during the afternoon session after hitting 1,610.25 in the morning session.

On the broader market, decliners surpassed gainers 571 to 568, while 478 counters were unchanged, 712 untraded and 14 others suspended. – May 8, 2024

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