BURSA Malaysia ended the week lower in line with the regional markets as investors remain wary that the global banking crisis could worsen despite the assurance from US Treasury Secretary Janet Yellen to keep deposits safe at banks, said an analyst.
Weaker sentiment in the local bourse has prompted the key index to fall 0.80% to below the 1,400-level.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 11.28 points to 1,399.70, which was the day’s low, from Thursday’s (March 23) close of 1,410.98.
The market bellwether opened 0.15 of-a-point higher at 1,411.13 and hit an intraday high of 1,411.67 in the early session. — March 24, 2023
