Bursa Ends Lower In Line With Regional Peers

Bursa Malaysia ended trading lower on Monday (March 20) in tandem with the heavy selldown in regional bourses as investors were wary following the sudden burst of turmoil in the global banking sector, said an analyst.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 9.92 points, or 0.7%, to 1,401.81 from last Friday’s close of 1,411.73.

The market bellwether opened 3.55 points easier at 1,408.18 and moved between 1,400.49 and 1,408.52 throughout the day.

Market breadth was negative with decliners trouncing gainers 653 to 275, while 338 counters were unchanged, 996 untraded and 16 others suspended.

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