FBM KLCI pares losses at the close as press metal, TM rise

SUBSTANTIAL gains in Press Metal and Telekom Malaysia helped Bursa Malaysia’s barometer index to pare some of its earlier losses amid the selling pressure in heavyweight stocks.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 2.88 points to 1,611.49 from Monday’s close of 1,614.37.

The FBM KLCI, which opened 2.63 points higher at 1,617.00, fluctuated between 1,609.26 and 1,617.37 throughout the day.

Market breadth continued to improve, with gainers surpassing decliners 797 to 496, while 455 counters remained unchanged, 652 untraded and nine others suspended.

Turnover expanded to 6.98 billion units worth RM5.12 bil from Monday’s 5.96 billion units worth RM3.30 bil. – June 11, 2024

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