Bursa closes broadly lower as 980 stocks in the red

KUALA LUMPUR: Bursa Malaysia followed most key Asian markets to close in the red on Tuesday, trekking the overnight tech sell-off on the Wall Street, while declining counters totalled nearly 1,000 as the Movement Control order 3.0 takes effect on Wednesday across the nation.

At 5pm, the FBM KLCI was down 6.28 points or 0.4% to 1,577.64. Turnover was 5.51 billion shares valued at RM2.90bil. Decliners hammered advancers nearly five to one or 980 losers to 199 gainers and 360 counters unchanged.