Bursa Malaysia ends mixed, downtrend in global equity markets

BURSA Malaysia ended mixed today as the US 10-year yield rebounded to 4.95% causing a sell-off in global equity markets despite Malaysia’s positive producer price index (PPI) data, a dealer said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.91 points to 1,440.60 from Wednesday’s (Oct 25) closing of 1,442.51

The index, which opened 0.52 of a point higher at 1,443.03, moved between 1,438.80 and 1,445.14 throughout the day.

However, on the broader market, gainers beat decliners 436 to 402, while 448 counters were unchanged, 1,088 untraded and 17 suspended.

Turnover expanded to 3.23 billion units worth RM1.98 bil from 2.83 billion units worth RM1.78 bil on Wednesday. – Oct 26, 2023

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