DOWN ON PROFIT-TAKING

BURSA Malaysia continued in negative territory yesterday amid profit-taking activities and floundering crude oil prices, said a dealer.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed 2.50 points weaker to 1,775.65 from Tuesday’s closing of 1,778.15.

On the broader market, losers outpaced gainers 473 to 417, with 400 counters unchanged, 470 untraded and 31 others suspended.

Volume decreased to 3.45 billion units valued at RM2.88 billion from 3.51 billion units valued at RM3.84 billion previously.

Among heavyweights, Petronas fell 66 sen to RM19.04, IOI Corp shed four sen to RM4.60, YTL shed one sen to RM1.52 while Hap Seng was flat at RM8.92.

As for actives, Priceworth International gained four sen to 29 sen, Globaltec Formation inched up half-a-sen to six sen and Jag was flat at 15 sen. Bernama