Bursa Malaysia extends losses to close lower

KUALA LUMPUR: Bursa Malaysia extended yesterday's losses to end lower today in line with weaker regional market sentiment due to growing concerns over the bearish economic outlook, dealers said.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 5.12 points to settle at 1,454.59 from 1,460.07 at Thursday’s close.

The barometer index opened 0.53 of a point easier at 1,459.54 and moved between 1,454.70 and 1,460.23 throughout the day.

On the broader market, decliners thumped gainers 503 to 364, with 443 counters unchanged, 1,013 untraded and seven others suspended.

Turnover decreased to 2.55 billion units worth RM1.85 billion against Thursday’s 3.21 billion units worth RM2.02 billion. - Bernama