Bursa slides as business confidence in US weakens

KUALA LUMPUR: Pressure piled up on Bursa Malaysia as Wall Street closed on a weak note in response to weak economic data from the US, reflecting a dip in business confidence.

On the broader market, losers had outnumbered gainers 297 to 168, but 245 counters were unchanged, 1,493 were not traded, and 20 others were suspended.In the US, the Conference Board consumer confidence index declined again in February to 102.9 from 106.0 in January, prompting more hawkish Federal Reserve bets.

‘’We reckon the local bourse will remain stuck in a consolidation mode amid the uncertainties in the US, hence, expect the index to hover within the 1,450 and 1,460 range today,” he added.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Pharmaniaga now a PN17 company | The Malaysian InsightBursa Malaysia labels firm financially distressed. How on God’s green earth did they do that? They cannot lose but yet…. Just truly Unbelievable. Monopoly also useless. PN MPs dont want to talk about this issue at parliament? 🤔 It has all in 15 senior mgmt consisting of various Chief of..something & President of something, yet it failed absolutely miserably, even with 'big tongkat' from the Gov. Pls replace everyone each of them incld.the BOD. Useless money bleeding agency ! pakatanharapan_
Fonte: msianinsight - 🏆 8. / 63 Consulte Mais informação »

FBM KLCI ends marginally lower amid downbeat market toneKUALA LUMPUR, Feb 27 — Bursa Malaysia ended a choppy session slightly lower as the rally in banking stocks helped to offset losses in the barometer index, amid the downbeat...
Fonte: malaymail - 🏆 1. / 86 Consulte Mais informação »