Bursa Malaysia ends lower on profit-taking

BURSA Malaysia erased yesterday’s gains to finish in the negative territory today, succumbing to profit-taking in selected plantation counters and in line with the weaker regional market performance.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.02 points or 0.46% weaker to close at 1,495.05 from Monday’s close of 1,502.07.

The benchmark index, which opened 0.74 of-a-point lower at 1,501.33, moved between 1,490.72 and 1,503.0 throughout the day.

Market breadth was negative with 698 losers against 228 gainers, while 363 counters were unchanged, 954 untraded, and 18 others suspended.

Total turnover increased marginally to 2.85 billion units worth RM1.59 bil from 2.38 billion units worth RM1.49 bil on Monday (Aug 1). — Aug 2, 2022

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