BURSA Malaysia continued its downtrend to close lower for the second consecutive day as the markets anxiously awaited the US Federal Open Market Committee (FOMC) decision later tonight.
The FTSE Bursa Malaysia KLCI (FBM KLCI) also remained in consolidation mode due to a correction following the recent prolonged rally.
At 5pm, the FBM KLCI fell 9.17 points to 1,535.79 from Tuesday’s (March 19) close of 1,544.96.
The benchmark index, which opened 0.10 of-a-point firmer at 1,545.06, moved between 1,535.77 and 1,546 throughout the day.
On the broader market, decliners and gainers were even at 509 to 509, while 484 counters were unchanged, 791 untraded and 11 others suspended.
Turnover slid to 3.82 billion units worth RM2.66 bil from 4.06 billion units worth RM3.09 bil on Tuesday. – March 20, 2024
