KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
Simple Summary China’s key one-year bank funding rate has fallen to a record low PBOC charged some banks as little as 1.5% on policy loans in January Move lowers borrowing costs without headline rate cuts Signals continued, low-key support for economic growth What Happened China’s central bank, the People’s Bank of China , allowed the interest rate on its one-year medium-term lending facility (MLF) to fall to as low as 1.5% in January , down from 1.55% in December , according to people familiar with the matter. That compares with an official MLF rate of 2% a year ago , before the PBOC stopped publishing a single benchmark rate. Why This Matters Lower funding costs for banks , encouraging lending Supports an economy facing deflationary pressure and a prolonged property slump Helps stabilise bank net interest margins , which have been under strain Key point: This is another example of Beijing’s “drip-feed” stimulus ap...