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 Bitcoin down over 19% in February , worst month since June 2022 On track for a fifth straight monthly decline — longest losing streak since 2018 Global risk-off sentiment and new US tariffs weighing on crypto Key technical support sits near US$58,000–US$60,000 What’s Happening Bitcoin fell as much as 2.6% to US$62,858 , extending a selloff that began in October. The world’s largest cryptocurrency is now: Down more than 19% this month Facing its steepest monthly loss since the 2022 crypto collapse Heading for its longest losing streak in eight years In June 2022, the implosion of TerraUSD triggered a chain reaction involving hedge fund Three Arrows Capital and lender BlockFi — a defining moment of the previous crypto bear market. Why Bitcoin Is Falling The latest leg lower comes amid broader market turbulence: President Donald Trump announced plans to raise global tariffs to 15% Global equities have weakened Investors ar...