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Market Daily Report: Bursa Malaysia Closes Lower On Profit-taking After Rally

KUALA LUMPUR, Feb 27 (Bernama) -- Bursa Malaysia ended lower on Friday as investors locked in gains following a recent rally. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 24.33 points, or 1.39 per cent, to 1,716.61 from Thursday’s close of 1,740.94. The benchmark opened 3.88 points lower at 1,737.06 and traded between 1,714.09 and 1,737.06 during the session. Market breadth was negative, with 842 decliners outpacing 376 gainers, while 491 counters were unchanged. A total of 981 counters were untraded and 76 suspended. Turnover rose to 3.53 billion units valued at RM5.53 billion, compared with 2.98 billion units worth RM4.07 billion on Thursday.
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