by S BIRRUNTHA / Pic by MUHD AMIN NAHARUL

BURSA Malaysia extended its downtrend for the eighth consecutive day on Monday, with the benchmark index declining by 1.95%, in line with the weak performance of global markets as well as other regional bourses.

At 5pm today, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 29.12 points to 1,464.83 from Friday’s close of 1,493.95, with all 30 Bursa indices also posting losses.

This is the lowest since November 2020.

The benchmark index opened 10.19 points lower at 1,483.76, its intraday high, and hit its low of 1,458.85 year-to-date in the afternoon session.

On the broader market, losers outnumbered gainers 1,084 to 138, while 253 counters were unchanged, 799 untraded and 21 others suspended.  

Total turnover rose to 3.27 billion units worth RM2.26 billion compared to 2.26 billion units worth RM1.69 billion last Friday.

Main Market volume expanded to 1.83 billion shares worth RM2.02 billion from 1.35 billion shares worth RM1.47 billion last Friday.  

Meanwhile, ACE Market volume increased to 759.65 million shares worth RM144.19 million from 509.05 million shares worth RM158.21 million last Friday.