FBM KLCI closes lower for a second straight day

TheStar Tue, Dec 13, 2022 05:25pm - 9 months View Original

KUALA LUMPUR: The local bourse extended its downtrend on Tuesday, as investors remained cautious ahead of a rate decision from major global central banks.

The FBM KLCI closed down 4.26 points, or 0.29% to 1,470.12 after moving between 1,477.29 and 1,469.47 throughout the day.

There were 411 gainers, 485 losers and 388 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.69 billion shares valued at RM1.84bil.

The US Federal Reserve, European Central Bank and the Bank of England are widely expected to announce rate increase this week.


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