BURSA Malaysia pared most of its earlier losses to end marginally lower Monday, tracking the downbeat performance in regional bourses as market sentiment turned cautious ahead of China’s rate decision and the United States (US) Federal Reserve chair Jerome Powell’s upcoming testimony.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.28 points to 1,387.33 from 1,388.61 at the close last Friday.
The key index opened 4.72 points lower at 1,383.89 this morning and moved between 1,379.83 and 1,390.50 throughout the trading session.
On the broader market, decliners outpaced gainers 452 to 371, while 426 counters were unchanged, 1,044 untraded and 25 others suspended.
Turnover decreased to 2.58 billion units worth RM1.47 bil versus 3.54 billion units worth RM3.25 bil last Friday. – June 19, 2023
Main pic credit: The Sun Daily