FBM KLCI posts modest loss, broader market firmer

BURSA Malaysia’s key index ended slightly lower while the broader market was firmer today on lack of buying interest as investors shifted their focus on small- and mid-cap stocks, said a trader.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said that, however, Malaysian equities ended higher with buying interests mainly on property and construction stocks.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.35 of-a-point to 1,444.06 from 1,444.41 at last Friday’s close.

The barometer index opened 0.74 of-a-point lower at 1,443.67 and moved in a tigher range between 1,441.78 and 1,445.31 throughout the day.

However, the broader market was positive with advancers outpacing decliners 573 to 477, while 387 counters were unchanged, 955 untraded and 23 others suspended. – Aug 28, 2023

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