KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
The FBM KLCI index lost 2.91 points or 0.18% on Monday. The Finance Index fell 0.25% to 14058.26 points, the Properties Index dropped 0.45% to 1198 points and the Plantation Index down 0.40% to 7482.82 points. The market traded within a range of 14.51 points between an intra-day high of 1658.80 and a low of 1644.29 during the session.
This is the fourth consecutive day of decline for the index, in line with the weaker sentiments shadowing global market as investors turn cautious after the terror attack that hit Paris over the weekend.
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| FBM KLCI index fall consecutively for the forth day to close at 1,656.000 |
Across the board, 1.92 billion shares worth RM1.7 billion were exchanged. Decliners beat gainers at 597 against 347, while 308 counters remained unchanged.
The most actively traded stock was Instacom Group Bhd's warrant, INSTACO-WB, followed by the mother share and Hibiscus Petroleum Bhd.
Hang Seng index's warrant HSI-HG led the gainers while the decliners were led by DanaInfra Nasional Bhd, United Plantations Bhd and Panasonic Manufacturing Malaysia Bhd.
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