Bursa sinks into red, dragged down by selling in heavyweights

BURSA Malaysia bucked the regional market trend to end in the red today, weighed by selling pressure in selected heavyweights, dealers said.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.42 points to 1,629.41 from Wednesday’s close of 1,639.83.

The key index opened 3.10 points easier at 1,636.73, and moved between 1,626.23 and 1,636.73   throughout the session.

However, market breadth was positive with gainers thumping losers 759 to 435, while 446 counters were unchanged, 563 untraded and 17 others suspended.

Total volume decreased to 9.53 billion units worth RM5.44 bil from Wednesday’s 11.01 billion units worth RM7.20 bil. – March 11, 2021

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