Business

Bursa ends lower as inoculation drive boosts selling in glove counters

Losers thump gainers 995 to 332, while 404 counters unchanged, 467 untraded, 15 suspended

Updated 5 years ago · Published on 24 Feb 2021 6:00PM

Bursa ends lower as inoculation drive boosts selling in glove counters
Total volume on Bursa this evening stands at 12.70 billion units worth RM7.01 billion. – The Vibes file pic, February 24, 2021

KUALA LUMPUR – Bursa Malaysia closed at an intraday low for the third consecutive day, as selling in glove heavyweights intensified in conjunction with the start of the National Covid-19 Immunisation Programme today.

The market barometer moved in tandem with the downtrend seen in most regional peers.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI lost 7.50 points, or 0.48%, to 1,557.55 from 1,565.05 at yesterday’s close.

The key index opened 5.96 points firmer at 1,571.01, and moved between 1,557.55 and 1,581.55 throughout the day.

Market breadth was negative, with losers thumping gainers 995 to 332, while 404 counters were unchanged, 467 untraded and 15 suspended.

Total volume was higher at 12.70 billion units worth RM7.01 billion compared with 11.45 billion units worth RM5.54 billion yesterday. – Bernama, February 24, 2021

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