Disappointing close for Bursa, Public Bank retains part of gains

KUALA LUMPUR: Bursa Malaysia joined key Asian markets to close lower on Tuesday as selling of glove stocks and Petronas-linked counters wiped out the earlier gains.

At 5pm, the FBM KLCI was down 1.31 points or 0.08% to 1,575.31 – off the intra-day high of 1,609. Turnover was 5.93 billion shares valued at RM4.73bil. The broader market was mixed with 601 gainers, 537 losers and 490 counters unchanged.