FBM KLCI takes a breather amid profit taking

TheStar Tue, May 09, 2023 05:22pm - 4 months View Original

KUALA LUMPUR: The FBM KLCI staged a minor pullback on Tuesday, as investors took profit amid the weak sentiment on regional bourses.

The market bellwether fell 1.11 points, or 0.08% to 1,423.63 after moving between 1,432.75 and 1,428.52.

The broader market displayed its weakness as profit-takers triumphed over bargain-hunters. There were 328 gainers, 555 losers and 402 counters traded unchanged on the Bursa Malaysia.

Today's decline is mostly spurred by investors selling on a high, according to dealers. They added that sentiment would remain cautious ahead of the gross domestic product (GDP) data this week.


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