KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
KUALA LUMPUR (June 27): The FBM KLCI continued its losing streak for the third day in a row due to profit-taking activities in selected heavyweights, in anticipation of the G20 summit this evening. The benchmark index closed 0.57 points or 0.03% lower at 1,672.13. The index was mostly in the positive territory during the second half of the trading session today, before the last minute selling. Malacca Securities Sdn Bhd senior analyst Kenneth Leong said the KLCI has erased all its earlier gains in the final trading hour as investors took profits in selected index heavyweights. "The negative performance today is as investors opt to stay out of the market due to the uncertainty of the Sino-US talks' progress," Leong told theedgemarkets.com. He noted that the weakness today was also in line with the negative performance across other Asian benchmark indices. Among decliners, Maxis Bhd fell 23 sen or 3.97% to close at RM5.57. Overall, some...