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Bursa retreats after opening higher

It is driven by emerging profit-taking across the heavyweights due to recent gains

Updated 5 years ago · Published on 18 Nov 2020 9:42AM

Bursa retreats after opening higher
Total volume on Bursa stands at 1.56 billion worth RM498.19 million this morning. – Facebook pic, November 18, 2020

KUALA LUMPUR – Bursa Malaysia opened slightly higher today but retreated within minutes of trading, driven by emerging profit-taking across the heavyweights due to recent gains.

At 9.15am, benchmark index FTSE Bursa Malaysia KLCI declined 10.69 points to 1,599.46 after opening 0.93 of a point higher at 1,611.08.

Losers led gainers 341 to 243, while 381 counters were unchanged, 1,179 untraded and 18 suspended.

Total volume stood at 1.56 billion worth RM498.19 million. – Bernama, November 18, 2020

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