KUALA LUMPUR: Bursa Malaysia failed to hold on to this week’s gains and closed lower, on profit taking in selected heavyweights and consumer counters.
At closing, the bellwether FBM KLCI shed 5.51%, or 0.35% to close at 1,556.33. The index opened 0.67 of- a-point lower at 1,561.17 this morning.
Market breadth turned negative as decliners overcame advancers on a ratio of 427-to-615 counters, while 415 counters closed unchanged. Traded volumes rose to 8.67 billion valued at RM6.19bil.
In today’s session, five of the KLCI-component stocks were traded higher, 20 counters fell while the remaining five closed unchanged.
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