Bursa Malaysia Recoups Most Of Earlier Losses To Close Slightly Lower

Bursa Malaysia recouped most of its earlier losses to close slightly lower on Tuesday as late buying in gaming, telecommunications and banking stocks supported the benchmark index, amid the downbeat performance in most regional markets, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 2.29 points to 1,536.98 from Monday’s close of 1,539.27.

The benchmark index, which opened 1.35 points lower at 1,537.92, moved between 1,518.84 and 1,537.92 throughout the day.

On the broader market, losers outpaced gainers 654 to 380, while 450 counters were unchanged, 767 untraded and 13 others suspended.

Turnover rose to 3.81 billion units worth RM2.8 billion from 3.32 billion units worth RM2.56 billion the previous day.

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