BURSA AT NEAR 2-WEEK LOW

BURSA Malaysia finished at a near two-week low today, weighed by losses in financelinked counters, following the shocking announcement about the aborted Bandar Malaysia Sdn Bhd equity sale deal.

The FTSE Bursa Malaysia KLCI (FBM KLCI) lost 13.84 points to 1,758.67 after fluctuating between 1,754.23 and 1,768.71 throughout the day. The index opened 4.58 points lower at 1,767.93 from Wednesday’s close of 1,772.51.

Market breadth was negative, with losers outpacing gainers 825 to 185, while 293 counters were unchanged, 447 untraded and 29 others suspended. Volume narrowed to 3.44 billion units worth RM2.89 billion.

Among heavyweights, financerelated counters saw drops, including Maybank, which fell seven sen to RM9.20, Public Bank slid 16 sen to RM19.98 and CIMB trimmed two sen to RM5.79. Bernama