KUALA LUMPUR: The FBM KLCI, which drifted lower earlier today, pared losses to close flat amid cautious market sentiment.
The market’s key barometer closed up 0.83 of-a-point at 1,547.65, its intraday high. The index opened 4.86 points lower at 1,541.96 this morning.
Broader market sentiment was weak, with 580 losers outpacing 398 gainers and 456 counters which traded unchanged. Turnover was at 3.66 billion shares valued at RM2.71bil.
Dealers said market sentiment remained cautious and the local bourse may turn sideways amid profit taking activities.
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