FBM KLCI ends lower amid downbeat market tone on Wednesday

BURSA Malaysia ended lower today amid the downbeat performance in the regional markets in tandem with negative cues from Wall Street overnight following the hawkish pivot by the US Federal Reserve.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 4.01 points to 1,454.66 from yesterday’s closing of 1,458.67.

The market bellwether opened 3.20 points lower at 1,455.47 and moved between 1,451.08  and 1,458.63 throughout the trading session.

Market breadth was negative with decliners surpassing gainers 536 to 314, while 413 counters were unchanged, 980 untraded and 11 others suspended.

Turnover amounted to 2.81 billion units worth RM1.97 bil. — March 8, 2023

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