KUALA LUMPUR, Sept 19 — Bursa Malaysia’s key index ended slightly lower after a bumpy trading session while the broader market was firmer on lack of buying interest as investors focused on small- and mid-cap stocks.
The broader market was positive with advancers outpacing decliners 519 to 406, while 453 counters were unchanged, 996 untraded and 11 others suspended. Brent crude oil continued its rally amid tighter supply, stoking worries about stagflation, Thong told Bernama.“Despite the cautious market undertone in the region, we expect bargain hunting will prevail given the cheap valuation of local stocks, persistent support from local institutions and the return of foreign funds.
Sector-wise, the Plantation Index decreased 20.93 points to 6,956.67, and the Financial Services Index was 21.08 points weaker at 16,319.96.