Bursa Malaysia extended earlier losses to end lower for the second consecutive day as Malaysia’s Producer Price Index (PPI) contracted 4.6 per cent year-on-year (y-o-y) in May 2023, which is faster than expected as compared with a 3.0 per cent drop in April, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.14 points or 0.23 per cent to 1,386.74 from 1,389.88 at Monday’s close.
The key index opened 0.99 of a point better at 1,390.87 this morning and moved between 1,385.30 and 1,393.38 throughout the session.
The broader market was also negative as decliners outpaced gainers 425 to 360, while 426 counters were unchanged, 1,124 untraded and 40 others suspended.
Turnover increased marginally to 2.59 billion units worth RM1.51 bil versus 2.56 billion units worth RM1.41 bil on Monday. – June 27, 2023
