KUALA LUMPUR: More than 1,000 counters on Bursa Malaysia were down yesterday, reflecting the weak market sentiment.
Adding to this was US President Joe Biden’s withdrawal from the 2024 presidential race which had sparked market uncertainty.
At the close, the benchmark FBM KLCI dropped 14.48 points or 0.88%, to 1,622.07, rebounding from an intraday low of 1,616.74. All sectoral indices closed negative.In the broader market, losers outnumbered gainers with 1,044 stocks ending lower and 285 stocks finishing higher. That gave a market breadth of 0.27 indicating the bears were in control.
The component stocks were negative, with 26 losers and two gainers.
Among the losers were Nestle (M) Bhd
which was down 80 sen to RM121.70, Dutch Lady Milk Industries Bhd fell 44 sen to RM33.06, Malaysian Pacific Industries Bhd lost 44 sen to RM38.12 and Carlsberg Brewery Malaysia Bhd slid 26 sen to RM18.68.
