SHARES on Bursa Malaysia retreated at the close today (Sept 6), mirroring the cautious mood in global markets ahead of key US jobs data later tonight.
The US non-farm payrolls reading is set to influence the magnitude of the US Federal Reserve’s rate cut later this month.
At 5 pm, the FBM KLCI fell 11.70 points or 0.7% to 1,653.12 from Thursday’s (Sept 5) close of 1,664.82.
The benchmark index began 4.65 points higher at 1,669.47 and moved between 1,671.83 and 1,648.42 throughout the session.
Across the broader market, decliners thumped gainers by 662 to 316 with 474 counters unchanged, 1,003 untraded and 17 suspended.
Turnover slumped to 2.35 billion shares valued at RM3.06 bil compared with Thursday’s (Sept 5) 3.28 billion units valued at RM3.41 bil. – Sept 6, 2024
