Bursa Malaysia retreats amid global sell-off on concerns over world economic outlook

BURSA Malaysia ended lower on Wednesday, tracking an equity rout worldwide after weak US data fuelled fears of a slowdown in global economic growth.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 6.41 points, or 0.38% to 1,670.24, down from Tuesday’s close.

The key index opened 14 points lower at 1,662.65 and moved between 1,675.53 and 1,662.22 throughout the day.

Following the broad-based sell-off, 813 counters ended in the red compared to 307 gainers, while 438 counters were unchanged, 883 untraded, and nine were suspended. – Sept 4, 2024

Subscribe and get top news delivered to your Inbox everyday for FREE