Bursa ends lower on selling sentiment

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KUALA LUMPUR, June 13 — Bursa Malaysia ended in the negative territory for the eighth consecutive day today, with the benchmark index declining 1.95 per cent as market...

KUALA LUMPUR, June 13 — Bursa Malaysia ended in the negative territory for the eighth consecutive day today, with the benchmark index declining 1.95 per cent as market sentiment was hit by heavy selling across the board, a dealer said.

On the broader market, losers thumped gainers 1,084 to 138, while 253 counters were unchanged, 799 untraded, and 21 others suspended. Meanwhile, he said key regional indices also edged lower due to a surprise United States inflation data that raised the possibility of an intensified monetary tightening from the US Federal Reserve.

Of the actives, Fintech eased half-a-sen to one sen, Top Glove was down 10 sen to RM1.03, while both Sapura Energy and BCM were flat at five sen and 2.5 sen, respectively. The Main Market volume expanded to 1.83 billion shares worth RM2.02 bilion from 1.35 billion shares worth RM1.47 billion on Friday.

 

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