Bursa turns red at closing, bucks regional trend

BURSA Malaysia gave up early gains to close lower today, succumbing to selling pressure, and bucked the regional trend as investors turned cautious ahead of Chinese New Year celebration.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 5.30 points or 0.34% to 1,573.33 from 1,578.63 at Friday’s close.

The key index opened 1.81 points higher at 1,580.44 and moved between 1,572.77 and 1,586.06 throughout the day.

In contrast, Japan’s Nikkei 225 surged 2.12% to 29,388.50, Hong Kong’s Hang Seng added 0.11% to 29,319.47, while Singapore’s Straits Times Index gained 0.93% to 2,934.29. – Feb 8, 2021

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