Bursa Malaysia ended lower today, dragged by losses in selected heavyweights led by banking stocks, with the local benchmark index declining by 0.59 per cent. — Picture by Razak Ghazali
After opening 2.69 points weaker at 1,584.64 this morning, the market bellwether moved between 1,576.90 and 1,595.38 throughout the day. A dealer said Bank Negara Malaysia’s Monetary Policy Committee had decided to reduce the overnight policy rate to 2.75 per cent from 3.0 per cent as a pre-emptive measure to secure improving growth trajectory amid price stability.
Main Market volume increased to 1.87 billion shares worth RM2.28 billion from 1.68 billion shares worth RM1.72 billion yesterday.
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