At 5pm, the FBM KLCI edged up 0.74 of-a-point, or 0.05%, to 1,612.29 points.
KUALA LUMPUR: Bursa Malaysia’s key index closed flat amid a mixed broader market, as investors stayed on the sidelines due to ongoing global volatility.
At 5pm, the FBM KLCI edged up 0.74 of-a-point, or 0.05%, to 1,612.29 points from Wednesday’s close of 1,611.55.
The benchmark index opened 0.16 of-a-point lower at 1,611.39 and fluctuated in a narrow range between 1,611.28 and 1,617.28 throughout the trading session.
The broader market was mixed, with 578 decliners leading 536 gainers, while 548 counters were unchanged, 1,011 untraded and 18 suspended.
Turnover shrank to 3.49 billion units worth RM2.85bil compared with 4.26 billion units valued at RM3.71bil on Wednesday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI ended flattish as investors remained cautious, refraining from taking long positions amid heightened global volatility.
“Volatility is expected to persist as investors await clarity from the potential meeting between US president Donald Trump and Chinese president Xi Jinping later this month in South Korea, a development that could influence sentiment across both global and domestic markets.
“Given the prevailing uncertainty, we expect the benchmark index to remain rangebound within the 1,610-1,620 level towards the weekend,” he told Bernama.
Among heavyweights, Public Bank Bhd
rose two sen to RM4.22, while IHH Healthcare Bhd eased three sen to RM8.04.
