Bursa Malaysia reverses Monday’s gains to close lower

Rakuten's Thong anticipates the FBM KLCI to move within the range of 1,375-1,390 for the remainder of the week, with immediate resistance at 1,390 followed by 1,415, and support at 1,373.

KUALA LUMPUR: Bursa Malaysia retreated from Monday’s gains to close lower yesterday, despite the upbeat regional market performance ahead of the release of the US consumer price index (CPI) data.

At 5pm, the FBM KLCI eased 6.16 points, or 0.44% to 1,380.61 from Monday’s 1,386.77.