BURSA MALAYSIA ended on a softer note today, as investors took profit in the oil-related counters following news of the United Arab Emirates’ (UAE) decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and its allies.
The decline in the benchmark index was also in line with the weaker overnight performance on Wall Street, as investors turned more defensive ahead of the US Federal Open Market Committee’s (FOMC) meeting later tonight, said IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan.
At 5 pm, the FBM KLCI fell 9.18 points, or 0.53 per cent, to 1,720.42 from Tuesday’s close of 1,729.60.
The benchmark index, which opened 2.05 points higher at 1,731.65, moved within a range of 1,718.45 to 1,733.84 throughout the session.
Market breadth was negative, with losers outpacing gainers 617 to 485. A total of 619 counters were unchanged, 970 were untraded, and 112 were suspended. —Apr 29, 2026
