BURSA Malaysia closed marginally lower yesterday after two days of gains due to a fall in crude oil prices, and as local investors awaited the announcement of Budget 2017 today, a dealer said. The FBM KLCI ended down 1.09 points to 1,667.18. Overall, losers outpaced gainers 417 to 342, while 386 counters were unchanged, 513 untraded and 20 suspended.
The local market hit an intraday high of 1,671.49 late afternoon after which it succumbed to bouts of selling to close in negative territory. Conflicting statements on the timing of the expected US interest rate hike added to the uncertainty in the market.
Tenaga Nasional shed 2 sen to RM14.36, Maybank eased 10 sen to RM7.60, Petronas Chemicals added 9 sen to RM6.95, Sime Darby perked 1 sen to RM7.96, IHH Healthcare slid 2 sen to RM6.42 and Public Bank was flat at RM19.80. – Bernama