FBM KLCI pares earlier losses to end marginally lower

BURSA Malaysia’s barometer index ended slightly lower on Tuesday, paring most of its earlier losses, thanks to a rebound in telecommunications, consumer products and services as well as banking stocks.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.56 points to 1,449.46 from Monday’s close of 1,451.02.

The index, which opened 0.11 of-a-point higher at 1,451.13, fluctuated between 1,444.58 and 1,451.59 during the trading session.

Market breadth was negative, with decliners beating gainers 492 to 369, while 467 counters were unchanged, 986 untraded and 13 others suspended.

Turnover climbed to 3.54 billion units worth RM2 bil from 3.16 billion units worth RM1.87 bil on Monday. – Dec 5, 2023

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