BURSA Malaysia ended lower in range-bound trading yesterday with selling seen in most heavyweights led by Axiata, Sime Darby and Genting, dealers said.
The FBM KLCI fell 16.20 points, or 0.97%, to end at 1,647.62.
Overall, losers led gainers 807 to 165 while 265 counters closed unchanged, 435 untraded and 24 others were suspended.
Mercury Securities Sdn Bhd research head Edmund Tham said the local and global bourses were jittery as they were shocked by the victory of Republican Donald Trump in the US presidential election over Democratic candidate Hillary Clinton.
“The market is expected to remain range-bound for the next few days, trading within 1,640 to 1,648 points.
“We don’t think the market will drop much. Although the market is slightly overvalued, most investors are not willing to sell their stocks and they are also not into buying at the moment either,” he said. – Bernama