BURSA Malaysia closed lower today dragged by continued selling in selected heavyweights, led by the financial services and utilities sectors amid a mixed performance in regional peers.

Maybank and Tenaga Nasional eased 12 sen each to RM10.12 and RM14.30 respectively, and Public Bank shed 3.0 sen to RM4.41. These stocks pulled down the composite index by a combined 4.64 points.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.16 points or 0.26% to close at 1,598.18 from yesterday’s close of 1,602.34.

The benchmark index, which opened 0.54 of-a-point higher at 1,602.88, moved between 1,594.51 and 1,606.28 during the trading session.

The broader market was negative, with decliners leading gainers 546 to 457 while 527 counters remained unchanged, 936 untraded, and 14 suspended.

Turnover narrowed to 2.72 billion units valued at RM2.44 bil versus 2.83 billion units valued at RM2.08 bil yesterday. – Nov 20, 2024

https://focusmalaysia.my/bursa-malaysia-ends-lower-on-selling-in-selected-heavyweights/