Bursa Malaysia Closes at an Intraday Low Due to Significant Regional Selling

Bursa Malaysia ended broadly lower for the second consecutive day today, dragged down by persistent selling across the board, in tandem with the heavy selldown seen in regional bourses.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 19.40 points or 1.30% to finish at its intraday low of 1,468.44, from Tuesday’s close of 1,487.84.

The benchmark index, which opened 12.60 points lower at 1,475.24, reached its highest at 1,480.55 in early trade. 

Market breadth was negative with decliners thumping advancers 595 to 256, while 387 counters were unchanged, 1,113 untraded, and 13 others suspended.

Total turnover was marginally lower at 2.63 billion units worth RM1.63 billion, from 2.64 billion units worth RM1.74 billion on Tuesday.

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