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.
Wall Street Recap Dow Jones: 44,130.98 (-0.74%) S&P 500: 6,339.39 (-0.37%) Nasdaq: 21,122.45 (-0.03%) US markets closed lower as the Federal Reserve held rates steady, reducing hopes for a September cut. After-hours saw Amazon drop nearly 7 percent on weak guidance while Apple gained 2.3 percent on strong revenue. Meta and Microsoft hit record highs. Bursa Malaysia Overview KLCI: 1,513.25 (-0.74%) Top Gainer: Axiata RM2.70 (+2.27%) Top Loser: PChem RM3.88 (-4.67%) USD/MYR: 4.2774 (+0.29%) Bursa posted its biggest daily drop since mid-July as investors awaited tariff news. Turnover was RM3.1 billion with 3.8 billion shares traded. Key Headlines US Imposes 19% Tariff on Malaysian Exports Effective August 8 with a grace period for goods in transit. Malaysia’s rate aligns with regional peers; other nations face 10–41 percent. Trump confirms attendance at the ASEAN Summit in October. 13th Malaysia Plan (2026–2030) GDP growth target: 4.5–5.5 percent annually. RM430 billion allocate...