Bursa Malaysia ends lower, US, China PMI data in focus

BURSA Malaysia ended the last trading day of the month with a paltry loss after the key index swung between gains and losses as investors seemed to trade cautiously ahead of the release of the US and China’s Purchasing Managers’ Indices.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.31 points to 1,454.19 from Monday’s closing of 1,455.50.

The index opened 0.99 of a point higher at 1,456.49 and moved between 1,452.43 and 1,458.97 throughout the day.

Market breadth was negative with decliners thumping advancers 739 to 255, while 307 counters were unchanged, 946 untraded, and 55 others suspended. – Feb 28, 2023

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