KUALA LUMPUR, Nov 4 (Bernama) -- Bursa Malaysia closed lower today amid profit-taking in selected banking and telecommunications heavyweights, despite improved market breadth driven by renewed buying interest in small-cap technology stocks. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said that across the region, equities were mostly higher, with Hong Kong and mainland China staging a recovery as investors assessed the implications of a divided United States government. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 5.29 points or 0.32 per cent to 1,616.56 from yesterday’s close of 1,621.85. The benchmark index opened 1.46 points higher at 1,623.31, marking its intraday high, and subsequently hit a low of 1,614.34 during the mid-afternoon session. Market breadth was positive as gainers outpaced losers 645 to 441, while 520 counters were unchanged, 1,155 untraded, and 10 suspended.
KUALA LUMPUR, Nov 3 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by selective buying in banking heavyweights, although the broader market remained subdued amid continued selling in technology stocks. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said overall market sentiment remained cautious, with investors reluctant to take fresh positions amid persistent external uncertainties. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 2.34 points or 0.14 per cent to 1,621.85 from yesterday’s close of 1,619.51. The benchmark index opened 1.25 points higher at 1,620.76 and fluctuated between an intraday low of 1,616.19 and a high of 1,625.88 throughout the day. In the broader market, losers led gainers 652 to 403, while 502 counters were unchanged, 1,166 untraded, and 11 suspended. Turnover trimmed to 2.63 billion units valued at RM2.64 billion from 2.65 billion units worth RM2.10 billion yesterday.