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.
A potential yen bond deal by Berkshire Hathaway comes at a time when Japanese corporate bond yields are sliding, driven by the changing Bank of Japan (BOJ) policy outlook . This shift follows a significant development where newly appointed Prime Minister Shigeru Ishiba signaled that Japan's economy is not ready for more rate hikes —an unusual move that appeared to influence BOJ decisions. Yields on Japanese corporate bonds have fallen from 1.07% at the end of July to around 0.92% , while the benchmark 10-year Japanese Government Bond (JGB) yield has also dropped by 17.5 basis points to 0.87% during the same period, according to Bloomberg data. This decline reflects the broader market sentiment as investors adjust to the evolving policy landscape in Japan.