BURSA Malaysia closed lower on Wednesday, tracking the heavy selling on regional indices as investors were concerned over the release of the weak western economic data while the drought-driven power shortages in China added to the industry woes in the republic.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 15.31 points or 1.03% to end at 1,467.26 compared with Tuesday’s closing of 1,482.57.
The benchmark index opened 1.53 points higher at 1,484.10 this morning and moved between 1,464.83 and 1,487.97 throughout the day.
On the broader market, decliners beat gainers 522 to 349, while 390 counters were unchanged, 1,071 untraded, and seven others suspended.
Total turnover rose to 2.88 billion units worth RM1.72 bil from 2.03 billion units worth RM1.55 bil yesterday. — Aug 24, 2022
