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.
Quick Summary European leveraged loan issuance hit a record weekly high Over €26.5 billion of loans priced in one week , the busiest in years Refinancings and repricings dominated , not new borrowing Investor demand remains strong , driven by CLO inflows and low risk premiums What’s Driving the Surge A wave of private equity–backed companies rushed into the market to refinance debt and lower interest costs , taking advantage of: A temporary lull in geopolitical noise Large pools of sidelined capital searching for yield Risk premiums near multi-year lows According to Bloomberg data, the week’s issuance represented about 5.3% of the entire European leveraged loan market . Cost-Cutting in Action Most deals focused on repricing existing loans : Dechra trimmed 50 basis points from both euro and dollar loans Ahlsell cut 75 basis points from its €2.6 billion debt pile Borrowers are moving fast, aware that marke...