Bursa Malaysia ends marginally higher on cautious sentiment

BURSA Malaysia closed marginally higher on Monday as investors exercised caution before a series of significant central bank meetings this week, said an analyst.

The markets are awaiting the United States (US) Federal Reserve (Fed) and the Bank of Japan’s (BOJ) decisions on interest rates.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched up 0.81 of-a-point to 1,553.64 from Friday’s close of 1,552.83.

The benchmark index, which opened 5.38 points weaker at 1,547.45, moved between 1,544.32 and 1,557.33 throughout the day.

Market breadth was positive with gainers leading decliners 546 to 480, while 476 counters were unchanged, 805 untraded and 22 others suspended.

Turnover declined to 4.24 billion units worth RM2.79 bil from 4.53 billion units worth RM4.82 bil last Friday. – March 18, 2024

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