Bursa Malaysia ends flat amid regional slump on Friday

BURSA Malaysia ended marginally lower today amid the weakness in regional markets as higher US bond yields weighed on the global risk appetite while rising tension in the Middle East further dampened sentiments, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 1.62 points to 1,441.04 from Thursday’s (Oct 19) closing of 1,442.66.

The index opened 0.69 of a point higher at 1,443.35 and moved between 1,438.36 and 1,443.75 during the session. The key index managed to recoup earlier losses during the mid-afternoon session on mild bargain hunting, but it only lasted an hour.

On the broader market, decliners trounced gainers 558 to 315 while 464 counters were unchanged, 1,020 untraded and nine suspended.

Turnover amounted to 3.51 billion units worth RM1.9 bil from 3.07 billion units worth RM2.02 bil on Thursday. – Oct 20, 2023


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