KUALA LUMPUR: Bursa Malaysia’s benchmark index fell 0.43% to close at its intraday low, reversing earlier gains as a wave of late-session selling erased the day’s advances.
IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said the index traded in positive territory for much of the day before profit-taking intensified in the final minutes, reflecting investors’ cautious stance amid a lack of fresh market catalysts.
At 5pm, the FBM KLCI eased 7.23 points to 1,656.83 from Tuesday’s close of 1,664.06.
The benchmark index opened 1.29 points higher at 1,665.35 and climbed to an intraday high of 1,670.99 in the mid-morning session, before losing momentum in the final 10 minutes, dragging the index to its session low at the close.
Market breadth was positive, with gainers outnumbering decliners 526 to 448, while 559 counters were unchanged, 1,088 untraded, and 14 suspended. — Bernama
