KUALA LUMPUR, June 21 — The cautious market sentiment resulted in Bursa Malaysia closing lower today in tandem with its regional peers, with its key index down by 1.05 per cent.
On the broader market, losers thumped gainers 784 to 309, while 393 counters were unchanged, 711 untraded and 17 others suspended. The drop in the local bourse was in line with the performance of regional peers such as Thailand, the Philippines and Indonesia as the United States Federal Reserve’s latest hint of a sooner-than-expected rate hike caused investors to flee from equities and seek refuge in safe-haven assets.
At the same time, Bursa Malaysia’s telecommunications and media index rose by 0.7 per cent on news that Axiata, Telenor and Digi have signed an agreement for the proposed Celcom-Digi merger. On the index board, the FBM Emas Index decreased 112.18 points to 11,472.76, the FBMT 100 Index tumbled 109.02 points to 11,167.31, and the FBM ACE erased 149.09 points to 7,558.61.
Main Market volume slipped to 3.24 billion shares worth RM2.28 billion from 3.27 billion shares worth RM4.13 billion on Friday.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »