Bursa Malaysia reverses earlier gains on late selling

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Bursa Malaysia News

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KUALA LUMPUR, June 18 — Bursa Malaysia reversed earlier gains at the close today, weighed down by late selling in selected blue chips, mainly the utilities and banking stocks,...

At 5 pm, the FTSE Bursa Malaysia KLCI eased 0.07 per cent or 1.19 points to 1,606.13 from last Friday’s close of 1,607.32. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, June 18 — Bursa Malaysia reversed earlier gains at the close today, weighed down by late selling in selected blue chips, mainly the utilities and banking stocks, said an analyst.

On the broader market, losers outpaced gainers 766 to 480, while 455 counters were unchanged, 699 untraded and six others suspended.Turnover rose to 5.92 billion units worth RM4.14 billion from Friday’s 5.64 billion units worth RM3.92 billion. Sentiments were positive with strong buying in the tech sector, particularly the data centre and artificial intelligence -related counters as well as computing stocks.

Of the most active, Divfex rose 17 sen to 51.5 sen, Ingenieur added half-a-sen to 7.0 sen and both K-One and MYEG increased by 2.0 sen to 29 sen and RM1.07, respectively, while JCY shaved 6.5 sen to 83 sen and Top Glove was flat at RM1.17. The Main Market volume expanded to 3.41 billion units valued at RM3.58 billion from 3.18 billion units worth RM3.36 billion last Friday.

 

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