Bursa closes slightly lower on profit taking
KUALA LUMPUR, July 19 – The FTSE Bursa Malaysia KLCI (FBM KLCI) closed slightly lower today on profit taking after the recent hike, dealers said.
At 5pm, the key index slipped 0.4 of a point to 1,644.6 after opening 0.46 of a point higher at 1,645.6.
The market barometer moved between 1,644.23 and 1,647.94.
“The sharp rise on the index for the past four trading days has opened profit-taking opportunities and added pressure as the index climbs toward the 1,650 to 1,660 level,” a dealer said.
The Finance Index rose 31.79 points to 14,730.36, the Plantation Index went up 32.72 points to 8,848.34 while the Industrial Index was 11.5 points lower at 2,870.59.
The FBM Emas Index climbed 5.07 points to 11,254, the FBMT100 added 3.28 points to 11,070.84 while the FBM Ace Index was 17.08 points lower at 4,321.59.
Advancers led decliners by 389 to 378 while 357 counters closed unchanged, 464 untraded and 10 others suspended.
Total volume declined to 1.109 billion shares valued at RM1.591 billion from yesterday’s 1.13 billion shares, valued at RM1.46 billion. – Reuters