Selling pressure in heavyweights drags Bursa to end lower

BURSA Malaysia contracted further at the close today, weighed down by selling pressure in heavyweight counters.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 12.58 points to 1,575.67 from yesterday’s close of 1,588.25.

The benchmark index opened 3.73 points higher at 1,591.98 and moved between 1,575.38 and 1,592.18 throughout the day.

Market breadth remained negative with losers trumping gainers 811 to 299, while 416 counters remained unchanged, 628 untraded and five others suspended.

Total volume fell to 7.37 billion shares worth RM4.24 bil from 7.48 billion shares worth RM4.13 bil on Tuesday.

Meanwhile, Main Market volume fell to 4.53 billion shares worth RM3.39 bil compared with 4.63 billion shares worth RM3.23 bil on Tuesday.

Warrants turnover increased to 350.10 million units valued at RM35.01 mil from 311.09 million units valued at RM37.8 mil previously.

Volume on the ACE Market declined to 2.49 billion shares worth RM812.4 mil from 2.54 billion shares worth RM858.9 mil yesterday.

Consumer products and services accounted for 389.12 million shares traded on the Main Market, industrial products and services (1.67 billion), construction (110.24 million), technology (727.89 million), SPAC (nil), financial services (42.62 million), property (369.94 million), plantation (136.35 million), REITs (3.26 million), closed/fund (11,000), energy (688.18 million), healthcare (73.35 million), telecommunications and media (91.92 million), transportation and logistics (204.84 million), and utilities (19.18 million). – May 5, 2021

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