Bursa Malaysia ends lower as US interest rate hike spurs global selldown

BURSA Malaysia ended lower today, joining the global selldown on equities after the United States Federal Reserve (Fed) hiked interest rates to curb rampant inflation, said a dealer.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 8.02 points, or 0.55%, to 1,439.16 from Wednesday’s (Sept 21) close of 1,447.18.

The benchmark index opened 2.31 points lower at 1,444.87, subsequently moving between 1,435.76 and 1,448.51 throughout the session.

On the broader market, decliners led gainers 447 to 372, while 424 counters were unchanged, 1,147 untraded, and nine others suspended.

Total turnover fell to 2.17 billion units worth RM1.68 bil compared with 2.34 billion units worth RM1.66 bil on Wednesday. — Sept 22, 2022

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