Bursa Malaysia closed lower for the third straight session on Wednesday after reversing all its intraday gains, dragged down by selling in telecommunication and banking heavyweights, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged lower by 0.13% or 1.95 points to 1,446.07 from Tuesday’s closing of 1,448.02.
The benchmark index opened 0.61 of a point firmer at 1,448.63 and moved between 1,445.61 and 1,450.42 throughout the trading session.
Market breadth was negative, with losers leading gainers at 588 to 354, while 426 counters were unchanged, 1,011 untraded and 85 others suspended.
Turnover narrowed to 3.28 billion units worth RM2.27 billion from 3.81 billion units valued at RM2.38 billion on Tuesday, Bernama reported.
