Broad selling seen on Bursa as profit-taking emerges

TheStar Wed, Mar 27, 2024 12:47pm - 1 month View Original


KUALA LUMPUR: With no fresh catalyst to lift sentiment, the domestic equities market continued on its downward trajectory ahead of key US inflation data.

At 12.30pm, the FBM KLCI entered the lunch break five points lower at 1,533.42, its lowest closing level in three weeks, amid a broader market sell-off underpinned by 546 counters in the red.

The trading volume was 2.12 billion shares valued at RM1.49bil.

Bursa Malaysia is awaiting the return of foreign inflows as a global rally fuelled by rate-cut hopes take a breather, in anticipation of a further confirmation from the US Federal Reserve.

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