FBM KLCI reverses gains, Bursa Malaysia ends in red weighed by utilities

BURSA Malaysia’s main index failed to sustain the brief gains observed in the mid-afternoon session to end the day in the red, as selling in selected heavyweights mainly in utility and logistics counters intensified in the final hour of trading.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 3.20 points or 0.20% to 1,594.29 from Thursday’s close of 1,597.49.

The index opened 1.13 points lower at 1,596.36 and moved between 1,586.39 and 1,603.59 today.

Decliners beat gainers 539 to 515 while 461 counters were unchanged, 945 untraded and 56 suspended.

Turnover expanded to 3.43 billion units valued at RM3.19 bil versus 2.79 billion units valued at RM2.90 bil yesterday. – Nov 29, 2024

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