KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
Key Takeaway: Malaysia has been removed from the US Treasury's currency monitoring list , while no major trading partner was declared a currency manipulator for the year ending June 30. The US Treasury Department, in its final currency report under the Biden administration, found that no major trading partners manipulated their currencies . The report highlights a shift from interventions to weaken currencies, seen during Donald Trump’s first term, to measures aimed at strengthening currencies to combat inflation . Malaysia Exits Monitoring List: Malaysia was removed from the Treasury’s monitoring list due to improved foreign exchange practices . However, South Korea was added, citing a large global current account surplus and a significant goods and services trade deficit with the US. Countries Remaining on the Monitoring List: China, Japan, South Korea, Taiwan, Singapore, Vietnam, and Germany remain on the list. The Treasury monitors countries meeting two of these three criteri...