BURSA Malaysia recouped earlier losses to end flattish today while remaining in consolidation mode, due to cautious trading ahead of the earnings season, with profit-taking seen in property stocks following their recent rally, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.04% or 0.59 of-a-point higher to 1,612.94 from Wednesday’s (Aug 14) close of 1,612.35.

The benchmark index, which started the day 2.28 points higher at 1,614.63, fluctuated between 1,605.69 and 1,614.69 throughout the session.

Market breadth saw losers thumped gainers 755 to 279, with 468 counters unchanged, 957 untraded and 10 suspended.

Turnover improved to 3.54 billion units worth RM2.76 bil from Wednesday’s 3.46 billion units valued at RM2.49 bil. - Aug 15, 2024

https://focusmalaysia.my/bursa-malaysia-rebounds-to-close-flat-after-early-decline/