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 RBI kept its key rate unchanged at 5.25% , matching market expectations US slashed tariffs on Indian goods to 18% from 50% , lifting growth outlook Rupee rebounded strongly , becoming Asia’s top performer this month Inflation remains well below target , giving RBI policy flexibility What Happened The Reserve Bank of India held its repo rate at 5.25% , with the six-member Monetary Policy Committee voting unanimously to keep policy unchanged and maintain a neutral stance . The decision comes as India’s macro outlook improves, helped by higher government spending and a surprise US–India trade boost . Why the Outlook Improved US President Donald Trump announced tariff cuts on Indian goods to 18% from 50% Economists now expect upward revisions to India’s growth forecasts The Indian government increased budgetary spending , supporting domestic demand Key impact: The rupee bounced back...