KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
The FBM KLCI index lost 20.79 points or 1.23% on Wednesday. The Finance Index fell 1.86% to 14056.35 points, the Properties Index dropped 0.94% to 1209.09 points and the Plantation Index down 1.39% to 7614.28 points. The market traded within a range of 16.80 points between an intra-day high of 1674.68 and a low of 1657.88 during the session.
The index closed at 1,665.320.
Across Bursa Malaysia, decliners outweighed gainers by 710 against 279, while 254 counters remained unchanged.
The top losing counter was British American Tobacco (M) Bhd, while gainers were led by Petronas Dagangan Bhd.
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| British American Tobacco (M) Bhd is the biggest decliner for the day |
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| Petronas Dagangan Bhd led the gainers with an increase of 94 cents |
Hibiscus Petroleum Bhd was the most actively traded counter today, with some 156.44 million shares done.
The FBM KLCI has dropped as investors concern over China's economic growth. Market breadth was negative amid absence of fresh catalyst. The decline of the crude oil also impacted the Bursa Malaysia.
Reuters reported that Asian stock markets pulled back slightly on Wednesday after a mixed batch of Chinese data showed that growth in the world's second-biggest economy was still in low gear.
It also noted that oil prices resumed their decline on news that US crude stocks jumped last week.
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