Local bourse ends easier on consolidation mode

Rakuten Trade's Thong believes that the benchmark index has moved into a period of consolidation after its recent climb.

KUALA LUMPUR: Bursa Malaysia closed lower on consolidation mode, as investors continued to seek value in small-cap stocks amid cautious sentiment, despite mostly upbeat regional market performance, a dealer says.

At 5pm, the FBM KLCI fell 7.04 points, or 0.43%, to 1,611.74 from Monday’s close of 1,618.78.