Bursa ends lower ahead of Fed decision, tech earnings

bursa down

KUALA LUMPUR: Bursa Malaysia closed marginally lower today as investors turned cautious ahead of a busy week featuring the US Federal Reserve’s policy meeting and earnings releases from major US technology companies.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 0.61 of a point to 1,712.48 from yesterday’s close of 1,713.09.

The benchmark index, which opened 1.14 points weaker at 1,711.95, moved between 1,703.83 and 1,715.02 during the day’s trading.

In the broader market, decliners outstripped gainers 717 to 348, while 536 counters were unchanged, 1,179 untraded, and 36 suspended.

Turnover rose to 2.94 billion units valued at RM2.56 billion from 2.86 billion units valued at RM2.24 billion yesterday.

MORE TO COME

Author: admin