FBM KLCI ends below 1,500-level as investors turn risk averse

TheStar Tue, Aug 02, 2022 05:17pm - 7 months View Original

KUALA LUMPUR: Bursa Malaysia ended in the red on Tuesday, in line with regional markets on concerns about an escalation in Sino-U.S. tension.

The FBM KLCI closed down 7.02 points, or 0.47% at 1,495.05 after hitting an intraday high of 1,503.00.

Market sentiment was weak, with 698 losers outpacing 228 gainers and 364 counters which traded unchanged. Turnover was at 2.85 billion shares valued at RM1.59bil.

U.S. House of Representatives Speaker Nancy Pelosi, who arrived in Malaysia earlier today, is expected to visit Taiwan, despite warnings from China.


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