BURSA Malaysia ended lower yesterday, extending last week’s losses on bearish crude oil prices and cautious investor sentiment ahead of the announcement of Budget 2017 on Friday, a dealer said. The FBM KLCI fell 5.26 points to 1,653.71. Overall, there were 322 gainers and 440 losers, while 408 counters were unchanged, 488 untraded and 18 suspended.
A dealer said the statement by Prime Minister Datuk Seri Najib Abdul Razak on measures to strengthen and move forward the country’s economy to face the global slowdown did not lend much support to the local bourse. “Investors remained on the sidelines to await fresh catalysts to drive interest ahead of Budget 2017.”
Among the heavyweights, TNB and Public Bank each lost 2 sen to RM14.40 and RM19.70, Maybank and Petronas Chemicals each dwindled 1 sen to RM7.60 and RM6.80 respectively, IHH Healthcare declined 2 sen to RM6.40 and Sime Darby shed 11 sen to RM7.75. – Bernama