Bursa Malaysia closed lower today, influenced by subdued trading across the board in anticipation of the Chinese New Year holidays. The FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 14.76 points, or 0.94 percent, to its intraday low of 1,558.97. Analysts attribute the decline to investors awaiting stronger market catalysts and highlighting a rotation into value-oriented sectors.
Bursa Malaysia finished in the negative territory today dampened by subdued trading observed across the board ahead of the upcoming Chinese New Year festive holidays, said an analyst. — Reuters picas a first-time user . Exclusively for Malay Mail readers: Use codeKUALA LUMPUR, Jan 27 — Bursa Malaysia finished in the negative territory today dampened by subdued trading observed across the board ahead of the upcoming Chinese New Year festive holidays, said an analyst.
Market breadth was negative with decliners thumping gainers 782 to 235, with 415 counters unchanged, 916 untraded and 60 suspended. The FBM KLCI exhibited a mixed performance with banking stocks outperformed, signalling a rotation into value-oriented sectors as investors reposition their portfolios amid a challenging macroeconomic backdrop.
Among the heavyweights, Maybank slid four sen to RM10.36, and Tenaga Nasional fell 32 sen to RM13.44, while CIMB gained two sen to RM8.03, Public Bank rose five sen to RM4.38, and IHH Healthcare added four sen to RM7.23. The FBM ACE Index dipped 93.12 points to 5,117.41 and the FBM 70 Index tumbled 269.09 points to 17,637.26.
Bursa Malaysia FBM KLCI Chinese New Year Trading Volume Market Catalysts Value-Oriented Sectors
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