BURSA MALAYSIA ENDS LOWER DRAGGED BY LOSSES IN BANKING STOCKS (SCREEN)

FARHANA PONIMAN

KUALA LUMPUR, Jan 22 -- Bursa Malaysia ended lower today, dragged by losses in selected heavyweights led by banking stocks, with the local benchmark index declining by 0.59 per cent.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.35 points to 1,577.98 from yesterday's close of 1,587.33.

After opening 2.69 points weaker at 1,584.64 this morning, the market bellwether moved between 1,576.90 and 1,595.38 throughout the day.

The overall market breadth on Bursa Malaysia was negative with losers outpacing gainers 509 to 397, while 362 counters remained unchanged, 718 were untraded and 38 others suspended. 

Turnover increased to 3.07 billion shares worth RM2.57 billion from 2.65 billion shares worth RM1.93 billion on Tuesday.