Bursa Malaysia extends losses to close lower

BURSA Malaysia extended yesterday’s losses to end lower today on continued selling in financial services, as well as industrial products and services counters, amid weaker sentiment on regional bourses.

At 5.00pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.46 points to close at 1,411.54 compared with 1,419.00 at Monday’s close.

The market bellwether opened 0.68 of-a-point lower at 1,418.32 this morning and moved between 1,409.51 and 1,419.61 throughout the day.

The broader market was also negative with decliners outpacing advancers 518 to 315, while 399 counters were unchanged, 1,027 untraded and 14 others suspended.

Turnover decreased to 2.46 billion units worth RM1.66 bil from 2.79 billion units worth RM1.79 bil on Monday. – May 23, 2023

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