Bursa Malaysia drops as traders stay cautious before Fed rate call and oil surge
KUALA LUMPUR, Sept 15 — Bursa Malaysia ended lower today in subdued trading as sentiment continued to remain cauti...
Bursa Malaysia experienced a decline on September 15 amid cautious trading, as investors awaited the Federal Reserve's interest rate decision and were affected by surging oil prices. The FTSE Bursa Malaysia KLCI ended lower, falling 18.80 points to 1,679.21 from Monday's close of 1,698.01. Throughout the day, the index oscillated between 1,678.06 and 1,694.91, with 780 counters losing value while 355 gained.
A total of 551 stocks remained unchanged. Turnover reached 3.34 billion units, valued at RM3.25 billion, up from 3.18 billion units valued at RM2.79 billion on Monday. Analysts cited weaker regional and global markets, as well as caution towards AI-related stocks, as contributing factors. Technical analysis suggested the index was approaching oversold territory, potentially leading to bargain hunting in select blue chips.
Sector-wise, energy-related stocks garnered attention, while the FBM Mid 70 Index, FBM ACE Index, and FBM Emas Index also experienced declines. The local bourse is scheduled to close for Malaysia Day on September 16 and will reopen on September 17.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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