Business

Bursa retreats after opening higher

This is due to extended profit-taking in selected heavyweights amid weaker sentiment

Updated 2 years ago · Published on 18 Aug 2023 10:56AM

Bursa retreats after opening higher
At 9.34am, the FTSE Bursa Malaysia KLCI has slipped 1.67 points to 1,446.31 from 1,447.98 at yesterday’s close.  –ALIF OMAR/The Vibes file pic, August 18, 2023

KUALA LUMPUR – Bursa Malaysia opened higher today but retreated thereafter due to the extended profit-taking in selected heavyweights, amidst mostly weaker sentiment in the regional bourses, dealers said. 

At 9.34am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.67 points to 1,446.31 from 1,447.98 at yesterday’s close. 

The key index opened 1.25 points better at 1,449.23. 

On the broader market, losers surpassed gainers 342 to 154, while 310 counters were unchanged, 1,542 untraded and 29 others suspended. 

Turnover stood at 546.91 million units worth RM219.92 million. – Bernama, August 18, 2023

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