Bursa snaps 4-day winning streak on profit-taking

Bursa Malaysia's key index, the FTSE Bursa Malaysia KLCI (FBM KLCI), has ended a four-day winning streak, closing lower today due to profit-taking and losses in selected heavyweight stocks. The index fell by 4.02 points, or 0.24%, to 1,623.70 at 5pm, down from yesterday's closing price of 1,627.72. The index, which opened 2.62 points lower at 1,625.10, fluctuated between 1,617.14 and 1,625.61 throughout the day.

In the broader market, there were more decliners (852) than gainers (294), with 485 counters remaining unchanged, 1,212 untraded, and 9 suspended. Turnover for the day decreased to 3.06 billion units, valued at RM3.03 billion, from 3.25 billion units, valued at RM3.03 billion the previous day.

Brief written by urgent.news from Free Malaysia Today's own syndicated text. Machine-written — may contain errors; check the original before relying on it.