Bursa Malaysia ends lower for third consecutive day

BURSA Malaysia finished lower for the third consecutive day on Wednesday due to persistent selling in heavyweights as investors remained wary following the surge in sovereign bond yields overnight, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.33% or 4.77 points to 1,462.55 from Tuesday’s (Dec 20) closing of 1,467.32.

The market bellwether, which opened 0.31 of-a-point easier at 1,467.01, moved between 1,458.82 and 1,469.42 throughout the day.

On the broader market, losers thumped gainers 502 to 357, while 413 counters were unchanged, 992 untraded, and 22 others suspended.

Turnover improved to 2.91 billion units worth RM1.71 bil versus 2.77 billion units worth RM1.78 bil on Tuesday. — Dec 21, 2022

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