FBM KLCI dips 1.04% to close at over two-year low

BURSA Malaysia ended in the red today, with the key index declining by 1.04% amid heavy profit-taking in plantation and energy stocks, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) erased 14.76 points to 1,411.32 from Tuesday’s close of 1,426.08, marking its lowest level since May 18, 2020 which closed at 1,410.16.

The benchmark index, which opened 4.65 points lower at 1,421.43 — its intraday high, dropped to a low of 1,410.33 in the morning session before gaining momentum but subsequently slipped during the afternoon trading.

On the broader market, losers thumped gainers 578 to 249, while 420 counters were unchanged, 1,003 untraded and eight others suspended. — July 13, 2022

Subscribe and get top news delivered to your Inbox everyday for FREE