FBM KLCI consolidates to end flat on Friday, remains above 1600 key level

BURSA Malaysia’s bellwether FTSE Bursa Malaysia KLCI (FBM KLCI), ended the week slightly lower but remained above the key 1,600 level for the fourth consecutive day in consolidation mode following recent gains, a dealer said.

At 5pm, the FBM KLCI eased 0.03 per cent or 0.55 of-a-point to 1,600.67 compared to Thursday’s (May 9) close of 1,601.22.

The barometer index, which opened 2.24 points better at 1,603.46, moved to a low of 1,599.84 in late trading after hitting 1,604.07 during the morning session.

On the broader market, gainers led decliners 601 to 538, while 494 counters were unchanged, 707 untraded and 26 others suspended.  – May 10, 2024

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