FBM KLCI ends lower on profit-taking

Dealers said the local bourse was weighed down by banking and telecommunications stocks.

KUALA LUMPUR: The FBM KLCI ended lower yesterday due to profit-taking, after hitting a three-year high on Monday, and in line with most regional bourses.

The benchmark index eased 3.86 points, or 0.24%, to 1,625.96 at the bell, as market breadth turned negative with losers overpowering gainers on a ratio of 795-to-413 stocks.

Traded volumes stood at 4.66 billion shares worth RM3.52bil.

It opened at 1.91 points higher at 1,631.73 and oscillated between 1,624.39 and 1,633.97 throughout yesterday.

Dealers said the local bourse, which tracked the broad performance of key Asian markets, was weighed down by banking and telecommunication stocks.