FBM KLCI pares gains to end at intraday low, broader market mixed

BURSA Malaysia reversed earlier gains to close at its intraday low for the second straight day Thursday, weighed by profit-taking in selected heavyweights led by utilities and healthcare counters.

At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.58 points to 1,579.90 from Wednesday’s close of 1,581.48.

The index opened 1.87 points better at 1,583.35 and moved between 1,579.90 and 1,586.28 throughout the session.

Market breadth was however positive with gainers leading losers 520 to 436, while 478 counters were unchanged, 726 untraded, and 29 others suspended.

Turnover fell to 4.91 billion units worth RM2.74 bil from six billion units worth RM3.20 bil on Wednesday. – June 10, 2021

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