Marginally lower

The Sun (Malaysia) - - SPEAK UP -

BURSA Malaysia re­versed Mon­day’s gains to close slightly lower on profit-tak­ing in se­lected bluechips and heavy­weights, deal­ers said.

At 5pm, the FBM KLCI fell 0.33 of-a-point to 1,677.43, af­ter fluc­tu­at­ing be­tween 1,673.18 and 1,677.44 through­out the day.

Mar­ket breadth was weaker with 421 losers and 334 gain­ers, while 408 coun­ters were un­changed, 516 un­traded and 20 oth­ers sus­pended.

Deal­ers said the neg­a­tive sen­ti­ment on the lo­cal bourse was in line with the mixed per­for­mance on re­gional mar­kets due to weak eco­nomic data from South Korea.

Among re­gional bourses, Sin­ga­pore’s Straits Times was 0.09% lower at 2,854.05, Hong Kong’s Hang Seng fell 0.17% to 23,565.11 and South Korea’s Seoul Com­pos­ite in­dex went down 0.52% at 2,037.17.

“The FBM KLCI is likely to trade above the 1,679.11 level,” Al­liance DBS said in a note. – Ber­nama

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