KUALA LUMPUR: Shares on Bursa Malaysia settled lower on Wednesday as sellers dominated the market and profit-taking kept a lid on gains.
At 5pm, the FBM KLCI declined 3.45 points, or 0.23% to 1,516.52. The index had earlier risen to a high of 1,521.57.
Market breadth turned negative as losers outnumbered the gainers on a ratio of 580-to-400 stocks. Traded volumes stood at 5.46 billion valued at RM3.43bil.
Dealers said the market failed to hold onto its earlier gains as investors' sentiment stayed cautious amid the high number of daily Covid-19 cases.
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