KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia extended its losing streak for a fourth consecutive session, closing lower on Thursday amid continued broad-based selling that weighed on market sentiment, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 9.23 points or 0.57 per cent to 1,585.96 from Wednesday's close of 1,595.19. The benchmark index opened 3.61 points lower at 1,591.58 and fluctuated between an intraday low of 1,583.66 and a high of 1,592.89 throughout the day. Market breadth remained negative with losers thumping gainers 799 to 318, while 476 counters were unchanged, 1,181 untraded and 13 suspended. Turnover climbed to 3.06 billion units valued at RM2.56 billion compared with yesterday’s 2.90 billion units valued at RM2.33 billion.
Manufacturing activity across Asia remained in expansion territory in March , but signs of slowing momentum are emerging as rising energy prices from the Middle East conflict begin to weigh on the region. Growth Holds, but Momentum Weakens S&P Global data showed that several economies, including South Korea, Malaysia, and Thailand , recorded improved factory activity. Thailand led the region with a PMI of 54.1 Malaysia returned to expansion after a prior contraction South Korea also showed strong improvement However, the broader ASEAN Manufacturing PMI slipped to 51.8 , down from February’s 53.8 , marking the slowest pace of expansion since September . While still above the 50-point threshold , the data highlights a clear loss of growth momentum . War-Driven Energy Shock Weighs on Industry The slowdown comes as the US-Israel conflict with Iran disrupts energy markets , particularly via the Strait of ...