Bursa Malaysia ends lower on cautious sentiment

TheStar Mon, Jan 16, 2023 05:22pm - 2 months View Original


KUALA LUMPUR: Bursa Malaysia ended lower on Monday as investor sentiments turned cautious ahead of the interest rate decision by Bank Negara this week.

The FBM KLCI closed down 1.47 points, or 0.1% at 1,493.56 after moving between 1,496.05 and 1,489.0.

Market breadth turned negative as losers overpowered the gainers on a ratio of 485-to-411 stocks. Traded volumes stood at 3.92 billion shares worth RM2.03bil.

Much of the losses were due to the selling pressure on banking stocks. Maybank and Hong Leong Financial Group fell eight sen each to RM18.90 and RM8.78.

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