Rakuten Trade's Thong said key regional indices ended mixed as investors remained concern over geopolitical tensions in the Middle East.
KUALA LUMPUR: Bursa Malaysia closed lower yesterday amid foreign fund outflows as investors weighed the escalating Israel-Iran tensions, say analysts.
At 5pm, the FBM KLCI dropped 8.35 points, or 0.54%, to 1,511.64 from Monday’s close of 1,519.99.
The benchmark index opened 1.17 points lower at 1,518.82 and fluctuated between 1,510.92 and 1,520.89 throughout the trading session. Market breadth was negative, with 538 decliners outpacing 353 gainers, while 494 counters were unchanged, 1,031 untraded and 22 suspended.
Turnover expanded to 3.03 billion units worth RM1.92bil compared with Monday’s 2.83 billion units valued at RM2.04bil.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices ended mixed as investors remained concern over geopolitical tensions in the Middle East.
He said the US Federal Reserve (Fed) is widely expected to keep rates unchanged today, with attention shifting to the guidance Fed chair Jerome Powell provides on the timing of future interest rate cuts.
