Foreign selling of local equity drags Bursa to end lower

BURSA Malaysia bucked the trend in major regional markets to close lower today, with its key index settling below the 1,600 psychological level, dampened by continued selling by foreign investors amid weak market sentiment.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 10.71 points easier at 1,597.71 against Monday’s close of 1,608.42.

The index, which opened 0.29 of-a-point better at 1,608.71, fluctuated between 1,594.89 and 1,608.79 throughout the day.

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