Bursa Malaysia ends lower ahead of US CPI data on Wednesday

BURSA Malaysia reversed its gains yesterday to end lower in sync with the downbeat regional market performances, weighed down by cautious sentiments ahead of the release of the US consumer price index (CPI) data tomorrow (Jan 11).

At 5pm, the FBM KLCI slid 11.97 points to 1,486.86 from Tuesday’s (Jan 9) close of 1,498.83.

The benchmark index opened 1.03 points weaker at 1,497.80 and moved between 1,486.72 and 1,497.80 throughout the day.

On the broader market, decliners led gainers 588 to 359, while 497 counters were unchanged, 775 untraded and 20 others suspended.

Turnover declined to 4.97 billion units worth RM2.84 bil from 6.44 billion units worth RM3.77 bil on Tuesday. – Jan 10, 2023

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