Market closes lower

BURSA Malaysia closed lower on lack of follow through buying despite a promising start, dealers said.

The FBM KLCI eased two points to 1,728.74 against Friday’s close of 1,730.74.

Volume was easier at 2.02 billion units, valued at RM2.02bil versus Friday’s 2.22 billion units worth RM2.49bil.

A dealer said the local stock market tracked the lacklustre performance of major regional bourses amid lingering concerns over the implications of rising US interest rates and trade tensions between China and the US.

“Asian stocks slipped as investors remained cautious, following global losses in the previous week,” he said. — Bernama

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