KUALA LUMPUR, May 28 — Bursa Malaysia extended earlier downtrend to end the morning session easier amid mixed regional peers, dampened by weak market sentiment. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.98 of-a-point to 1,450.75 from 1,451.73 at yesterday's close....
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI slipped 0.98 of-a-point to 1,450.75 from 1,451.73 at Wednesday’s close. — Picture by Razak Ghazali
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI slipped 0.98 of-a-point to 1,450.75 from 1,451.73 at yesterday's close. A dealer said the mixed performance by Asian stocks due to rising tensions between the United States and China has curbed optimism for global economic recovery after President Donald Trump promised “interesting” action against Beijing by the end of this week over its planned imposition of new security laws on Hong Kong.
Back home, there were 621 losers and 283 gainers, while 328 counters were unchanged, 663 untraded and 57 others suspended.Among heavyweights, Maybank and Public Bank slid two sen each to RM7.38 and RM15.22 respectively, while Tenaga lost eight sen to RM12.12.
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