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.
China could raise its fiscal deficit ratio to a record high , potentially signaling its commitment to achieving this year’s growth target of around 5% , according to economist Jia Kang . Jia, a former head of a Ministry of Finance-affiliated research institute, suggested that the fiscal deficit could be capped at around 4% of GDP , up from the current 3% . Such a move could unlock between 4 trillion yuan ($570 billion) and 10 trillion yuan in stimulus, combining both government and private investment. This would complement the series of recent measures aimed at reviving demand in the world’s second-largest economy , which have included interest rate cuts , property market support , and even cash handouts . The possible increase in public spending has fueled optimism in the Chinese stock market , which has rallied significantly. Investors are now closely watching the next steps from the Ministry of Finance, as expectations for additional fiscal support grow. Economists warn that Beij...