Bursa Malaysia ends marginally lower

BURSA Malaysia ended marginally lower as buying emerged during the final minutes of trading amid weakness in most key regional markets as concerns over rising interest rates and a potential recession in 2023 weighed on sentiment, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 0.10 per cent or 1.45 points to 1,477.09  from last Friday’s closing of 1,478.54.

The barometer index, which opened 1.82 points lower at 1,476.72, moved between 1,471.57 and 1,477.41 during the day.

On the broader market, decliners thumped advancers 495 versus 393, while 416 counters were unchanged, 941 untraded and 19 others suspended.

Turnover stood at 3.02 billion units worth RM1.79 bil versus 3.33 billion units worth RM2.24 bil on Friday. – Dec 19, 2022

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