KUALA LUMPUR: It’s a sea of red on Bursa Malaysia, with over 1,000 counters ended in red as heavy selling bash down blue chips and small-cap stocks.
At 5 pm, the FBM KLCI lost 29.12 points, or 1.95% to 1,464.83, its lowest since November 2020.
Market breadth turned negative as losers overpowered the gainers on a ratio of 1,084-to-138 stocks. Turnover stood at 3.26 billion shares valued at RM2.26bil.
Dealers said the performance of the local bourse today was in line with bearish regional markets as the US inflation raised concerns that the Federal Reserve would continue to tighten policy.
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