Profit-taking Pressures Bursa Malaysia Into Afternoon Decline
KUALA LUMPUR, Bursa Malaysia’s downward trend persisted into mid-afternoon, driven by ongoing profit-taking in select heavyweights, especially in the utilities sector. YTL Corp dropped 17 sen to RM2.49, while YTL Power International fell 11 sen to RM3.78, contributing to a 4.74-point decline in the composite index. At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) had decreased by 5.80 points to 1,667.58, down from Wednesday’s close of 1,673.38. The benchmark index opened 3.19 points lower at 1,670.19. On the broader market, decliners outnumbered advancers by 580 to 391, with 482 counters remaining unchanged, 1,063 untraded, and 51 suspended. Turnover