Rakuten Trade's Thong anticipates further consolidation until new catalysts arise.
PETALING JAYA: Bursa Malaysia’s benchmark index ended the first trading day on a subdued note due to profit-taking activities following the year-end rally in the early part of the week and in line with most regional markets.
At 5pm, the FBM KLCI declined 9.46 points or 0.58% to 1,632.87 compared with Tuesday’s close of 1,642.33. The market was closed on Wednesday for the New Year holiday. The index had initially opened 1.01 points lower at 1,641.32 and moved between 1,629.23 and 1,641.32 throughout the day.
