KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary German unemployment crossed 3 million , the highest level in 12 years Jobless rate rose to 6.6% , highlighting weak labour momentum GDP grew 0.3% in Q4 , beating expectations despite trade turmoil Inflation ticked up in several states , keeping price pressures in focus What’s Happening in the Labour Market Germany’s unemployment climbed sharply at the start of the year, underscoring the lagging impact of recent economic stagnation . Unemployed: 3.08 million (+177,000 vs December) Unemployment rate: 6.6% (seasonally unadjusted) Seasonally adjusted rate: 6.3% , unchanged Labour office head Andrea Nahles said momentum remains weak, with seasonal factors driving much of the rise. Economy Holds Up Better Than Expected Despite job market softness, Germany’s economy showed resilience . Q4 GDP: +0.3% q/q (vs 0.2% expected) Annual growth: +0.2% , confirming initial estimates The statistics office said the ...