BURSA Malaysia continued to be sluggish Thursday (May 31) amid a lack of impetus despite the optimism surrounding the US debt ceiling development.
The bill to raise the US debt ceiling was passed in the House of Representatives and will now go to the Senate for a final vote ahead of Monday’s deadline.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 4.11 points to 1,383.01 from 1,387.12 at yesterday’s close.
The key index opened 3.82 points weaker at 1,383.30 this morning and moved between 1,378.58 and 1,386.41 throughout the session.
The broader market was negative with decliners surpassing advancers 474 to 319 while 432 counters were unchanged, 1,015 untraded and 27 others suspended.
Turnover declined to 2.94 billion units worth RM1.81 bil versus 3.54 billion units worth RM5.25 bil yesterday. – June 1, 2023
