FBM KLCI slips 1.02% to below 1,500 level

BURSA Malaysia reversed yesterday’s (Nov 24)  strong gains with the key index closing below the 1,500-psychological mark today on profit-taking and a weak external front.

The FTSE Bursa Malaysia KLCI (FBM KLCI) surged 4.04% yesterday, partly driven by the appointment of Datuk Seri Anwar Ibrahim as Malaysia’s 10th Prime Minister.

At 5pm, the benchmark index fell 15.34 points or 1.02% to finish at 1,486.54, from 1,501.88 on Thursday.

The market bellwether, which opened 0.18 of-a-point lower at 1,501.70 this morning, subsequently moved to its day’s high at 1,504.16, but thereafter slipped to its intraday low of 1,481.38 during the mid-morning session.

Market breadth was weaker with decliners outpacing advancers 630 to 346, while 361 counters were unchanged, 926 untraded, and 15 others suspended.

Turnover dwindled to 4.41 billion units worth RM2.75 bil versus 6.87 billion units worth RM4.19 bil yesterday,— Nov 25, 2022

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