Bursa ends lower for 2nd day in a row, dragged down by glove counters

BURSA Malaysia reversed earlier gains to finish at its intra-day low for a second consecutive day, as the key index was weighed down by persistent selling in rubber glove heavyweights amid recovery plays following the arrival of the COVID-19 vaccine.

At 5 pm, the benchmark FBM KLCI declined 5.41 points, or 0.34 per cent to 1,565.05 from 1,570.46 at Monday’s closing.

The key index opened 3.21 points firmer at 1,573.67 and moved between 1,565.05 and 1,680.68 throughout the day.

However, market breadth remained positive with gainers marginally leading losers by 603 to 602, while 450 counters were unchanged, 542 untraded and nine others suspended.

Total volume was easier at 11.45 billion shares worth RM5.54 bil compared with 13.30 billion units worth RM5.70 bil on Monday. – Feb 23, 2021

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