Bursa Succumbs To Selling Pressure, KLCI Down 0.32%

Bursa Malaysia was lower today but closed off its intraday low, dragged down by the extended selling pressure from foreign funds outflow, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.52 points or 0.32% to 1,378.65 from 1,383.17 at Tuesday’s (June 6) close.

The key index opened 1.17 points easier at 1,382.00 this morning and moved between its intraday low of 1,371.74 and high of 1,383.55 throughout the session.

The market breadth was negative as decliners led gainers by 495 to 378, while 401 counters were unchanged, 970 untraded and 13 others suspended.

Turnover shrank to 3.12 billion units worth RM1.73 bil versus 3.55 billion units worth RM1.92 bil on Tuesday.

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