Marginally lower

The Sun (Malaysia) - - MEDIA & MARKETING -

BURSA Malaysia closed lower yes­ter­day as buy­ing sentiment was damp­ened by un­cer­tain­ties ahead of the US Fed­eral Open Mar­ket Com­mit­tee meet­ing.

The FBM KLCI ended 1.28 points lower at 1,651.71. Over­all, losers out­paced gain­ers by 444 to 333 while 394 coun­ters were un­changed, 519 un­traded and 18 sus­pended.

In a note, Hong Leong In­vest­ment Bank Re­search said sell­ing pres­sure on Bursa Malaysia pre­vailed as in­vestors awaited fur­ther clues on the tim­ing of the next US in­ter­est rate in­crease. “Mean­while, sentiment will re­main cau­tious ... we ex­pect the down­ward con­sol­i­da­tion mode to pre­vail this week with cru­cial sup­port at the 1,640 level,” it added. – Ber­nama

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.