Bursa Malaysia extended earlier losses to end lower for the second consecutive day as Malaysia’s Producer Price Index (PPI) contracted 4.6% year-on-year (y-o-y) in May 2023, which is faster than expected as compared with a 3% drop in April, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.14 points or 0.23% to 1,386.74 from 1,389.88 at Monday’s close.
The key index opened 0.99 of a point better at 1,390.87 in the morning and moved between 1,385.3 and 1,393.38 throughout the session.
The broader market was also negative as decliners outpaced gainers 425 to 360, while 426 counters were unchanged, 1,124 untraded and 40 others suspended.
Turnover increased marginally to 2.59 billion units worth RM1.51 billion versus 2.56 billion units worth RM1.41 billion on Monday.
