KUALA LUMPUR: Bursa Malaysia ended lower for the third consecutive day, tracking regional peers’ downbeat performance as market sentiments turned cautious ahead of the US Federal Reserve’s monetary policy decision later today.
“Looking ahead, we expect consolidation to take place as investors may turn to the sidelines ahead of the extended weekend due to the Deepavali festive break,” he told Bernama. The broader market was negative as decliners outpaced gainers 470 to 439, while 440 counters were unchanged, 1,024 untraded, and 20 others suspended.
Of the actives, Velesto was 0.5 sen weaker at 25 sen and Kanger slipped 1 sen to 8.5 sen, while PDZ and Sarawak Consolidated gained 0.5 sen each to 6 sen and 59 sen, respectively, and Swift Haulage increased 1.5 sen to 56.5 sen. The Main Market volume was marginally higher at 2.26 billion units worth RM1.71 billion compared with yesterday’s 2.23 billion units worth RM1.71 billion.
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