Bursa slips 2.79% on heavy profit-taking

BURSA Malaysia ended the last trading day in November on a lower note, with the market barometer FBM KLCI slipping below the key 1,600 level as concerns over rising COVID-19 cases overshadowed positive vaccine news.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.79% or 44.88 points to 1,562.71 compared with Friday’s close of 1,607.59, dragged by heavy losses in heavyweights. 

The index opened 0.82 of-a-point lower at 1,606.77 and moved between 1,562.71 and 1,614.77 throughout the day.

On the broader market, gainers outnumbered losers 689 to 563 while 443 counters were unchanged, 476 untraded and 80 others suspended.

Volume decreased to 9.02 billion units worth RM7.71 bil from 10.35 billion units worth RM5.47 bil last Friday.

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