KLCI bucks regional trend, drifts lower

TheStar Tue, Jan 14, 2020 05:11pm - 4 years View Original


KUALA LUMPUR: Bursa Malaysia bucked the regional trend to finish in negative territory today amid an overall cautious market, in contrast to the regional markets.

At 5pm, the benchmark FBM KLCI closed 4.13 points, or 0.26% to 1,580.60 points. The index opened 0.26 point higher at 1,584.99 this morning.

Market breadth on Bursa was negative with losers leading gainers 541 to 336, while 424 counters closed unchanged. Turnover stood at 2.65 billion shares worth RM1.77bil.

Dealers said investors were waiting for the signing of the truce to end a prolonged US-China trade war. In addition, the US Treasury Department said China should no longer be designated a currency manipulator - a label it applied as the yuan dropped in August.

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