Lower on weak sen­ti­ment

The Star Malaysia - StarBiz - - Stocks -

BURSA Malaysia fin­ished lower across the board, with the key in­dex re­treat­ing from re­cent gains, and damp­ened by con­cerns over ex­ter­nal de­vel­op­ments which curbed the risk ap­petite of in­vestors for eq­ui­ties.

The FBM KLCI closed 6.26 points lower at 1,820.61 from Tues­day’s close of 1,826.9. It moved in a tight range of be­tween 1,815.74 and 1,822.43 through­out the day due to con­tin­u­ous sell­ing in in­dex-linked coun­ters.

In­ter-Pa­cific Se­cu­ri­ties Sdn Bhd, head of re­search, Pong Teng Siew said ma­jor South­east Asian bourses were down as in­vestors turned cau­tious ahead of the Sept 5 dead­line for public com­ment on Pres­i­dent Don­ald Trump’s in­creased tar­iffs on Chi­nese im­ports. — Ber­nama


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