Bursa Malaysia succumbs to selling pressure on Thursday, CI down 1.08%

BURSA Malaysia ended in the negative territory in tandem with heavy selling across the region as investors tread cautiously amid a hawkish tone on the global interest rate hike, an analyst said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 1.08% or 16.04 points to 1,467.13 from Wednesday’s (Dec 13) closing of 1,483.17.

The barometer index, which opened 1.39 points lower at 1,481.78, moved in a declining mode between 1,466.25 and 1,482.11 during the day.

On the broader market, decliners thumped advancers 584 versus 307, while 402 counters were unchanged, 980 untraded, and 41 others suspended. — Dec 15, 2022

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