Bursa Malaysia reversed earlier gains to end lower on July 1, as late-session selling dragged the benchmark index to its intraday low.
The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.23 points, or 0.43%, to 1,656.83 compared to its close of 1,664.06 on June 30, after touching an intraday high of 1,670.99 earlier in the session.
The broader market also finished in negative territory, with the FBM EMAS slipping 35.99 points to 12,349.12, the FBM SHA declining 43.13 points to 12,240.72, the FBM 70 easing 1.09 points to 17,916.37 and the F4GBM losing 3.04 points to 1,000.64.
Market turnover stood at 2.519 billion shares worth RM2.265 billion, reflecting steady trading activity despite the weaker finish.
Active trading dominated by lower-priced stocks
Tanco Holdings Bhd emerged as the most actively traded counter with 122.1 million shares changing hands, ending unchanged at 17.5 sen.
It was followed by Dagang NeXchange, which gained 3.5 sen to 45 sen, Silver Ridge Holdings Bhd, up 4.5 sen to 17.5 sen, GIIB Holdings Bhd, which rose 4.5 sen to 51 sen, and VS Industry, which finished unchanged at 20 sen.
The market’s reversal in the final hour suggests investors turned cautious despite the stronger start, with broad-based selling erasing earlier advances and leaving the local bourse to end the day on a weaker footing.
