Bursa closes lower amid weak global risk sentiment

Bursa closes lower amid weak global risk sentiment

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.58 points, or 0.56%, to 1,717.69, from Tuesday’s close of 1,727.27.

bursa down
KUALA LUMPUR:
Bursa Malaysia ended lower on Wednesday, with the benchmark index extending losses for a sixth straight session, its longest losing streak this year, as weakening global risk sentiment dampened investor confidence, an economist said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.58 points, or 0.56%, to 1,717.69, from Tuesday’s close of 1,727.27.

The benchmark index, which opened 0.33 of-a-point lower at 1,726.94, traded between 1,716.47 and 1,727.50 throughout the day.

Market breadth was negative, with losers outpacing gainers 840 to 366, while 518 counters were unchanged, 993 untraded and 15 suspended.

Turnover rose to 4.15 billion units worth RM4.29 billion, compared with 3.36 billion units worth RM3.24 billion on Tuesday.

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