Bursa Malaysia takes a breather on Thursday to end marginally lower

BURSA Malaysia took a breather to end at its intraday low today, dragged down mainly by the consumer products and services as well as industrial products and services sectors, ahead of the release of the US consumer price index (CPI) data later in the day.

Genting Malaysia lost 17 sen to RM2.68, Petronas Chemicals slid 12 sen to RM6.88, Genting Bhd eased 19 sen to RM4.68, and Press Metal Aluminium was eight sen lower at RM4.82. These stocks pulled down the composite index by a combined 5.53 points.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged down by 3.86 points to 1,483.00 from Wednesday’s (Jan 10) close of 1,486.86.

The benchmark index opened 0.29 of-a-point better at 1,487.15 and thereafter moved to its highest level of 1,492.44 in the early morning session.

On the broader market, decliners beat gainers 568 to 406, while 447 counters were unchanged, 797 untraded and 29 others suspended.

Turnover declined to 4.64 billion units worth RM3 bil from 4.97 billion units worth RM2.84 bil on Wednesday. – Jan 11, 2023

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