LOWER ON WEAK SENTIMENT

Malaysia closed lower yesterday on weak buying sentiment and renewed fears of a trade war led by the United States, following the resignation of a key free trade advocate at the White House.

The FTSE Bursa Malaysia KLCI closed 10.47 points lower at 1,837.90 from 1,848.37 on Tuesday.

Market breadth was negative, losers led gainers by 991 to 163 with 297 counters unchanged, 423 untraded and 21 suspended.

Volume rose to 3.1 billion units worth RM3.17 billion from 2.76 billion units worth RM2.77 billion on Tuesday.

Among heavyweights, Maybank eased two sen to RM10.48, Public Bank fell six sen to RM22.94, Tenaga declined four sen to RM15.60 and CIMB was five sen weaker at RM7.15.