Business

Bursa retreats after higher opening

Profit-taking activities, Wall Street’s subdued overnight performance contribute to dip

Updated 5 years ago · Published on 17 Feb 2021 9:35AM

Bursa retreats after higher opening
Total volume on Bursa this morning stands at 585.24 million units worth RM260.31 million. – File pic, February 17, 2021

KUALA LUMPUR – Bursa Malaysia opened higher today but retreated afterwards due to profit-taking activities, coupled with Wall Street’s subdued overnight performance.

At 9.07am, the benchmark FTSE Bursa Malaysia KLCI eased 0.45 of a point to 1,605.69 from 1,606.14 at yesterday’s close.

The index opened 3.37 points higher at 1,609.51.

On the broader market, gainers outpaced losers 302 to 225, while 359 counters were unchanged, 1,282 untraded and 10 suspended.

Total volume stood at 585.24 million units worth RM260.31 million. – Bernama, February 17, 2021

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