KUALA LUMPUR: Bursa Malaysia closed lower for the fourth consecutive day today due to cautious sentiments within the regional economy, said an analyst.
At 5 pm, the FTSE Bursa Malaysia KLCI fell 3.35 points to 1,448.21 from Wednesday’s close of 1,451.56.
The broader market was negative, with decliners leading advancers 549 to 362, while 487 counters were unchanged, 976 untraded, and 11 others suspended. SPI Asset Management managing director Stephen Innes said key regional indices were in the red today following the Federal Reserve’s hawkish stance. At 5.10 pm, Japan’s Nikkei 225 fell 1.37 per cent to 32,571.03, South Korea’s Kospi dropped 1.75 per cent to 2,514.97 and Hong Kong’s Hang Seng Index shed 1.29 per cent to 17,655.41.
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