FBM KLCI declines as investors take profit

-A +A

KUALA LUMPUR (April 25): The FBM KLCI closed down 2.33 points or 0.14% today at 1,635.68 after investors took profit following the index's substantial gain yesterday.

At 5pm today, the KLCI ended at 1,635.68 after rising to its intraday high at 1,640.13. Across Bursa Malaysia, 3.77 billion shares were crossed for RM2.54 billion as investors rotated in and out of construction besides oil and gas stocks.

Yesterday, the KLCI closed up 10.57 points or 0.65% as volume across Bursa Malaysia reached 4.38 billion shares worth RM2.85 billion.

Stephen Soo, senior technical analyst at TA Securities Holdings Bhd, told theedgemarkets.com: “If (a total trading volume of) about 4 billion shares is maintained, this indicates that there is healthy retail participation.”

Across Bursa Malaysia, notable decliners today included KLCI stock Tenaga Nasional Bhd. Oil and gas-related Bumi Armada Bhd was the most-actively traded followed by construction firm Ekovest Bhd.

Bumi Armada registered a volume of some 483 million shares after closing down 2.5 sen or 9.26% at 24.5 sen. Ekovest recorded a volume of about 213 million shares after ending up one sen at 94.5 sen.