KUALA LUMPUR, Jan 22 — 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. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.35 points to 1,577.98 from yesterday’s close of 1,587.33....
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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