Investors observe wait-and-see attitude ahead of the Budget 2024 announcement.
KUALA LUMPUR: Bursa Malaysia ended slightly lower today on last-minute selling that halted the key index’s recovery as investors adopted a wait-and-see attitude before taking further position ahead of the tabling of Budget 2024 next week, a dealer said.
With the FBM KLCI attempting to find stability along the support level of 1,413, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said, any recovery will be measured towards the near-term resistance at 1,424. Turnover increased to 3.11 billion units worth RM2.25 billion from 3.02 billion units worth RM2.23 billion yesterday.
On the index board, the FBM Emas Index shaved 0.05 of-a-point to 10,493.79, the FBMT 100 Index trimmed 2.47 points to 10,162.29, and the FBM Emas Shariah Index dropped 1.84 points to 10,780.24. The Main Market volume increased to 2.06 billion units worth RM2.02 billion from 1.92 billion units worth RM1.96 billion yesterday.
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