Bursa Malaysia extends loss on caution ahead of GE15

BURSA Malaysia extended its loss today amid a weaker regional market performance and as cautious investors offloaded shares ahead of the 15th General Election (GE15), a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 2.16 points, or 0.15%, to end at 1,448.38, which was also its intraday high, compared to Tuesday’s (Nov 15) close of 1,450.54.

The market bellwether opened 3.04 points easier at 1,447.50 and hit an intraday low of 1,440.59 at the midday session.

On the broader market, decliners outpaced gainers 493 to 351, while 401 counters were unchanged, 1,080 untraded, and 13 others suspended.

Turnover eased to 2.32 billion units valued at RM1.71 bil versus 2.78 billion units valued at RM1.68 bil on Tuesday.  — Nov 16, 2022

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