Bursa Malaysia Edges Lower Amid Late Selling In Utilities And Banking Stocks

BURSA Malaysia trimmed its gains at the close today, pressured by late selling in select blue-chip stocks, particularly in the utilities and banking sectors, according to an analyst.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged down by 0.07% or 1.19 points to 1,606.13 from last Friday’s close of 1,607.32.

The FBM KLCI opened 2.07 points higher at 1,609.39 and traded between 1,615.09 and 1,606.13 throughout the day.

On the broader market, decliners outnumbered advancers 766 to 480, while 455 counters remained unchanged, 699 were untraded, and six were suspended.

Turnover increased to 5.92 billion units worth RM4.14 billion from Friday’s 5.64 billion units worth RM3.92 billion.

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