Bursa ends lower as it tracks cautious Wall Street performance
At 5pm, the FTSE Bursa Malaysia KLCI fell 20.81 points, or 1.26%, to 1,630.36.
Bursa Malaysia closed lower on Thursday, following a mixed and cautious sentiment on Wall Street overnight. The FTSE Bursa Malaysia KLCI dropped 20.81 points, or 1.26%, to 1,630.36, from its previous close of 1,651.17. Throughout the day, the benchmark index fluctuated between 1,630.10 and 1,649.87, closing 750 counters down, while 342 gained, and 495 remained unchanged.
Trading volume decreased to 3.1 billion units, amounting to RM2.7 billion, compared to Wednesday's 3.63 billion units valued at RM3.62 billion. Mohd Sedek Jantan, director of investment strategy and country economist at IPPFA Sdn Bhd, attributed the cautious sentiment to weaker domestic manufacturing activity and ongoing foreign selling.
The S&P Global Malaysia Manufacturing PMI fell to 49.9 in September, marking the first decline in four months after a period of improvement. Major counters like Maybank, Public Bank, CIMB, Tenaga Nasional, and IHH Healthcare experienced declines, while Zetrix AI, VS Industry, and Jaks Resources showed gains. The FBM Mid70 Index, FBM Emas Index, and FBM Top 100 Index also experienced declines, while the FBM Emas Shariah Index and FBM ACE Index saw decreases.
Sector-wise, the Industrial Products and Services Index, Energy Index, Financial Services Index, and Plantation Index all declined. Consumer products and services counters accounted for the majority of the traded shares on the Main Market.
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- Bursa Malaysia ends lower, KLCI slides 1.26pc on cautious sentiment malaymail.com
- Bursa ends lower as it tracks cautious Wall Street performance freemalaysiatoday.com
