Bursa Malaysia closes lower on renewed volatility

THE FTSE Bursa Malaysia KLCI (FBM KLCI) closed broadly lower on renewed volatility as sentiment turned wary over the rising bond yield.

At 5pm, the benchmark FBM KLCI went down by 14.09 points or 0.95 per cent to 1,476.38 compared with Friday’s close of 1,490.47.

The benchmark index opened 2.65 points lower at 1,487.82 and moved between 1,471.79 and 1,487.99 throughout the session.

The market breadth was negative with losers leading gainers 730 to 302, while 359 counters were unchanged, 795 untraded and 21 others suspended.

Turnover pushed up to 5.24 billion units worth RM3.03 bil against Friday’s 4.36 billion units worth RM2.41 bil. – Feb 7, 2023

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