Bursa ends lower as risk sentiment wanes

BURSA Malaysia ended the last trading day of the week in negative territory as sentiment took a hit due to fresh US-China trade tensions while investors assess US President-elect Joe Biden’s massive COVID-19 aid plan.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 8.70 points to 1,627.01 from 1,635.71 at yesterday’s close.

The index opened 1.56 points higher at 1,637.27 and moved between 1,626.25 and 1,637.88 throughout the session.

On the broader market, losers led gainers 571 to 512, while 480 counters were unchanged, 545 untraded and 24 others suspended.

Total volume was lower at 5.85 billion units worth RM4.06 bil from 6.49 billion units worth RM4.87 bil on Thursday. – Jan 15, 2021

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