Bursa Malaysia ends lower in muted trading ahead of key US inflation print

BURSA Malaysia ended lower today in thin trading with volume falling below three billion shares, amid weak performance on Wall Street overnight, reflecting investor caution ahead of key US inflation data releases this week which will influence the rate cut decision on Dec 18.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.46 points or 0.15 per cent to 1,608.97 from yesterday’s close of 1,611.43.

The index opened 1.22 points higher at 1,612.65 and moved between 1,607.88 and 1,615.93 today.

However, market breadth was positive as gainers beat decliners 534 to 513, while 562 counters were unchanged, 867 untraded and 13 suspended.

Turnover declined to 2.74 billion units valued at RM2.64 bil versus 3.02 billion units valued at RM2.40 bil yesterday. – Dec 10, 2024

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