FBM KLCI finishes 1.2% lower

BURSA Malaysia reversed early gains to close lower today with the FBM KLCI declining by 1.22 per cent.

Of the benchmark index’s 30 constituent stocks, half were in the red, succumbing to persistent selling pressure with the market roiled by the political uncertainty in the local scene, coupled with selling by foreign funds.

At the closing bell, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 18.57 points to 1,492.40 from yesterday’s close of 1,510.97.

The index opened at 1,512.04 and subsequently moved between 1,492.19 and 1,513.20 throughout the day.

On the broader market, losers overwhelmed gainers 758 to 375 while 393 counters were unchanged, 641 untraded and 22 others suspended.

Total volume fell to 8.47 billion units worth RM5.94 bil from 11 billion units worth RM5.82 bil recorded at Tuesday’s close.

 

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