FBMKLCI Closes Marginally Lower For Second Day

Bursa Malaysia continued to decline to close lower for a second consecutive day on Wednesday in lacklustre trading as investors took profits after the recent rally against the backdrop of significant data releases and economic meetings this week, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 5.47 points to 1,531.51 from Tuesday’s close of 1,536.98.

The benchmark index, which opened 4.53 points lower at 1,532.45, moved within a narrow range between 1,527.92 and 1,535.2 throughout the day.

On the broader market, losers outpaced gainers 588 to 422, while 439 counters were unchanged, 814 untraded and 13 others suspended.

Turnover fell to 3.65 billion units worth RM2.66 billion from 3.81 billion units worth RM2.8 billion the previous day.

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