Bursa Malaysia dips on selling pressure

KUALA LUMPUR: Bursa Malaysia closed lower on Thursday on continued selling pressure, notably in energy heavyweights.

At 5pm, the FBM KLCI fell 4.01 points, or 0.29% to 1,374.64, its lowest since October 2022.

The broader market displayed its weakness as profit-takers triumphed over bargain-hunters. There were 300 gainers, 487 losers and 433 counters traded unchanged.

About 2.68 billion shares, valued at RM1.61bil, changed hands.

Among the KLCI component stocks, PETRONAS Dagangan lost 26 sen to RM22.04, PETRONAS Gas slid 16 sen to RM16.50, Tenaga eased 15 sen to RM9.12 and Press Metal declined 12 sen to RM4.67.

Hong Leong Financial Group rose 22 sen to RM17.24, MISC gained 14 sen to RM7.26, Kuala Lumpur Kepong added eight sen to RM21.68 and Hong Leong Bank climbed six sen to RM18.82.

On the broader market, Panasonic Manufacturing lost 44 sen to RM18.70, Rapid fell 34 sen to RM20, Heineken rose 22 sen to RM26.52 and Hextar Technologies added 20 sen to RM26.20.

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KLCI , FBM KLCI , Bursa Malaysia


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