Bursa sees nearly 900 counters in the red amid political concerns

KUALA LUMPUR: Bursa Malaysia closed broadly lower on Wednesday as investor sentiment took a hit from the on-going political concerns with nearly 900 counters in the red and the FBM KLCI below the key 1,500 level.

At 5pm, the KLCI was down 9.3 points or 0.62% to 1,496.48. Turnover was 8.45 billion shares valued at RM4.32bil. The broader market was weaker as decliners beat advancers nearly four to one or 896 losers to 246 gainers and 345 counters unchanged.