KUALA LUMPUR, Feb 22 — Bursa Malaysia ended in the red today, succumbing to profit-taking activities across the board following the overbought situation in the previous week, a dealer said.
The overall market breadth was negative with decliners surpassing gainers 779 to 286, while 378 counters were unchanged, 805 untraded and 15 others suspended. Japan’s Nikkei 225 slipped 1.71 per cent to 26,449.61, Hong Kong’s Hang Seng Index went down 2.69 per cent to 23,520.0 and Singapore’s Straits Times Index declined 1.04 per cent to 3,400.58.
“In view of greater market volatility both locally and regionally, we anticipate the benchmark index to trend within the 1,570-1,590 range for the rest of the week,” he said. Sector-wise, the Financial Services Index dipped 146.52 points to 16,268.33 and the Plantation Index decreased 5.59 points to 7,780.23, while the Industrial Products and Services Index was 0.28 of-a-point higher at 208.11.
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