Bursa Malaysia ends lower on us rate cut uncertainty

SHARES on Bursa Malaysia retreated at the close on Monday, reflecting a lack of investor interest influenced by concerns regarding developments in the US and uncertainty about the magnitude of US interest rate cuts.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 1.63 points to 1,651.49, down from 1,653.12 at Friday’s close.

The FBM KLCI had opened 5.92 points lower at 1,647.20 and fluctuated between 1,642.31 and 1,659.11 during the session.

Across the broader market, decliners outpaced gainers, 738 to 333, with 439 counters unchanged, 944 untraded and 16 suspended.

Turnover increased to 3.38 billion units, valued at RM3.85 bil, compared to 2.35 billion units worth RM3.06 bil on Friday. - Sept 9, 2024