KUALA LUMPUR: Bursa Malaysia saw a follow through selling pressure on Wednesday, pushing the benchmark index lower.
At 5pm, the FBM KLCI closed 3.29 points, or 0.22% lower at 1,520.74. It has risen to an intraday high of 1,526.15.
Broader market sentiment was weak, with 502 losers outpacing 428 gainers while 451 counters traded unchanged. Turnover was at 3.43 billion shares valued at RM2.31bil.
While investors may remain on tenterhooks ahead of Melaka State election, Malacca Securities believed the bashed-down counters could be a sweet spot for bargain hunting activities, especially counters with solid earnings prospects.
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