Bursa Malaysia Slips Below 1,700 Level At Close As Global Uncertainties Weigh On Equities

KUALA LUMPUR, March 13 (Bernama) --  Bursa Malaysia ended lower on Friday, slipping below the key 1,700 psychological level as geopolitical headlines continued to drive market sentiment, said an analyst.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 12.16 points or 0.71 per cent to 1,698.85 from yesterday’s close of 1,711.01.

The market bellwether opened 9.07 points lower at 1,701.94, and fluctuated between 1,696.04 and 1,709.05 throughout the day.

Market breadth was negative with losers outpacing gainers 627 to 440. A total of 541 counters were unchanged, 1,081 untraded, and 18 suspended.

Turnover declined to 2.87 billion units worth RM3.45 billion from Thursday’s 3.01 billion units worth RM3.53 billion.

-- BERNAMA