Bursa Malaysia ended at its intraday low today amid mounting caution ahead of the US debt ceiling bill vote as early as Wednesday.
At the time of writing, optimism that a deal would be struck soon remains. US Congress needs to raise the debt ceiling by June 5 or the country could run out of cash to pay its obligations.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.02 points to 1,396.91 from 1,404.93 at yesterday’s close.
The barometer index opened 1.11 points higher at 1,406.04 which was its intraday high.
The broader market remained negative with decliners beating advancers 466 to 358, while 431 counters were unchanged, 1,009 untraded and 60 others suspended.
Turnover slipped to 2.38 billion units worth RM2.01 bil from 2.73 billion units worth RM1.87 bil on Monday.
