FBM KLCI Ends Nearly Flat Amid Selldown In Lower Liners

The FBM KLCI remained largely unchanged during the early session, recovering from earlier losses due to increased bargain-hunting activity. However, the broader market exhibited a notable downturn, with over half of the listed counters registering declines.

By 12:30 PM, the key index showed a minimal decrease of just 0.5 points to 1,589.87, demonstrating resilience in the blue-chip segment amidst selling pressure in smaller stocks.

Trading activity saw significant participation, with a turnover of 3.05 billion shares valued at RM1.72 billion changing hands in the first half of the session.

Declining stocks outnumbered advancers by a ratio of three to one, with 819 stocks in decline compared to 273 gaining, while 419 remained unchanged.

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