Bursa Malaysia closes red as global slowdown fears mount, telco stocks buck the trend

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Bursa Malaysia News

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KUALA LUMPUR, Sept 4 — Bursa Malaysia ended lower today, tracking an equity rout worldwide after weak US data fuelled fears of a slowdown in global economic growth. At 5pm, the...

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Following the broad-based sell-off, 813 counters ended in the red compared to 307 gainers, while 438 counters were unchanged, 883 untraded, and nine were suspended. He also anticipates that Bank Negara Malaysia will maintain the overnight policy rate at its upcoming announcement tomorrow, ahead of an expected US interest rate cut in September.

In active counters, TWL was flat at 2.5 sen, Vetece declined one sen to 58.5 sen, Cape EMS and Elridge Energy were 1.5 sen weaker at 35.5 sen and 42.5 sen, respectively, while Velesto eased half-a-sen 20 sen.

 

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