AS global financial hubs braced for this week’s series of central bank decisions, Bursa Malaysia closed lower, caught in the crossfire of mounting uncertainties stemming from the US Federal Reserve (Fed), according to an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 0.59 per cent or 9.52 points to 1,597.33 from Monday’s close of 1,606.85.
The index opened 1.59 points lower at 1,605.26 and moved between 1,594.51 and 1,606.81 throughout the day.
Market breadth was also negative as losers overwhelmed gainers 704 to 346, while 529 counters were unchanged, 892 untraded and 11 suspended.
Turnover decreased to 2.99 billion units worth RM2.43 bil versus 3.16 billion units valued at RM2.45 bil on Monday. – Dec 17, 2024
