Bursa Malaysia ends at intraday low on worries over global economic outlook

BURSA Malaysia ended at an intraday low today, with selling pressure seen across the board on concerns over the global economic outlook amid rising interest rates worldwide, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 14.18 points, or 0.99%, to 1,424.98  from Thursday’s (Sept 22) close of 1,439.16.

The benchmark index opened 0.05 of a point easier at 1,439.11, hitting a high of 1,440.29 in early trading.

On the broader market, decliners thumped gainers 540 to 278, while 378 counters were unchanged, 1,202 untraded, and nine others suspended.

Total turnover fell to 1.84 billion units worth RM1.57 bil compared with 2.17 billion units worth RM1.68 bil on Thursday. — Sept 23, 2022

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