Bursa Malaysia ends lower amid regional market jitters

BURSA Malaysia retreated from yesterday’s gains to end lower today due to profit-taking, amid the jittery performance of the regional markets, as investors were cautious ahead of the speech by US Federal Reserve (Fed) chairman Jerome Powell, scheduled for Tuesday, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 8.29 points or 0.55% to 1,485.13 from yesterday’s close of 1,493.42.

The market bellwether opened 3.02 points weaker at 1,490.40 and moved between 1,480.37 and 1,491.22 throughout the trading day.

Market breadth was also negative with decliners outpacing advancers 472 to 368, while 436 counters were unchanged, 935 untraded, and 20 others suspended.

Turnover increased marginally to 3.19 billion units worth RM1.91 bil against yesterday’s 3.18 billion units worth RM1.92 bil. – Jan 10, 2023

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