Bursa Malaysia pares earlier losses to end marginally lower

BURSA Malaysia pared most of its earlier losses to close marginally lower by 0.08% Thursday, weighed by financial services stocks amid the weak market sentiment.

Banking counters Public Bank declined five sen to RM3.95 and Maybank shed six sen to RM8.49. Both counters contributed 2.81 points to the key index’s fall at the close today.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.06 points to 1,410.98 which was the day’s high from Wednesday’s close of 1,412.04.

The market bellwether opened 5.07 points easier at 1,406.97 and hit an intraday low 1,403.55 during the midday session. – March 23, 2023

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