Bursa Malaysia snaps two-day winning streak to end marginally lower on Wednesday

BURSA Malaysia ended trading at an intraday low today, snapping a two-day winning streak as investors hesitated to make significant moves ahead of the upcoming US economic report.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.65 points or 0.17% to 1,603.23 compared to yesterday’s (May 14) close of 1,605.88.

The barometer index opened 0.13 of-a-point easier at 1,605.75 and reached an intraday high of 1,607.64 during the late morning session.

On the broader market, decliners led advancers 579 to 574, with 475 counters unchanged, 740 untraded, and 23 others suspended.

Turnover increased to 6.20 billion units worth RM4.69 bil from 4.69 billion units worth RM3.19 bil on Tuesday. – May 15, 2024

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