Bursa Malaysia drifts lower on negative wall street performance on Wednesday

BURSA Malaysia drifted lower on Wednesday as the key index snapped a three-day winning streak, taking a cue from the negative developments on Wall Street overnight, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 10.98 points, or 0.70%, to 1,537.01 from Tuesday’s (April 2) close of 1,547.99.

The benchmark index opened 0.70 of-a-point easier at 1,547.29 and moved between 1,537.01 and 1,548.42 throughout the trading session.

On the broader market, decliners beat gainers 593 to 480, with 487 counters unchanged, 734 untraded, and 13 others suspended.

Turnover widened to 4.26 billion units worth RM2.87 bil compared with 4.15 billion units valued at RM2.81 bil on Tuesday. – April 3, 2024

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