Bursa Malaysia ends lower as investors lock in profits ahead of key economic events

Bursa Malaysia News

Bursa Malaysia ends lower as investors lock in profits ahead of key economic events
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KUALA LUMPUR, Jan 24 — Bursa Malaysia ended lower as profit-taking activities persisted for a second consecutive day as investors positioned themselves ahead of next week’s...

PM Anwar says ‘go ahead, protest against corruption’ ahead of anti-graft rally, criticises attempts to blame him for pre-administration casesAt 5pm, the benchmark FTSE Bursa Malaysia KLCI fell 3.47 points, or 0.22 per cent, to 1,573.73 from yesterday’s close of 1,577.20.

Market breadth was negative with losers thumping gainers 654 to 314, while 491 counters were unchanged, 962 untraded and 133 suspended. “Consequently, we observe investors moving to lock in profits ahead of these pivotal events,” he told Bernama. Meanwhile Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI ended lower today, dragged down by heavy selling pressure in YTL counters.

As for the active stocks, Oriental Kopi Holdings gave up 2.5 sen to 85 sen, Gamuda notched down 10 sen to RM4.19, EA Holdings edged down half-a-sen to half-a-sen, CBH Engineering Holding declined 1.5 sen to 35.5 sen while Borneo Oil was unchanged at one sen. The Main Market volume surged to 1.36 billion units worth RM2.72 billion against Thursday’s 1.07 billion units worth RM1.80 billion.

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