BURSA Malaysia closed lower today in a tight trading range as investors took profits while adopting a wait-and-see approach amid a consolidation phase, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 0.39% or 6.34 points to its intraday low of 1,599.79 from Tuesday’s (June 18) close of 1,606.13.

The FBM KLCI, which opened 2.34 points higher at 1,608.47, hit an intraday high of 1,609.22 in the early morning session.

On the broader market, losers thumped gainers 907 to 341, while 451 counters were unchanged, 702 untraded and nine others suspended.

Turnover narrowed to 5.57 billion units valued at RM4.06 bil from Tuesday’s 5.92 billion units worth RM4.14 bil. - June 19, 2024

https://focusmalaysia.my/bursa-malaysia-ends-lower-on-profit-taking-on-wednesday/