KUALA LUMPUR, June 9 ― Bursa Malaysia ended lower across the board, in tandem with regional peers, extending its losses for the sixth consecutive day amid the negative sentiment surrounding the region.
On the broader market, losers outpaced gainers 601 to 315, while 394 counters were unchanged, 964 untraded and 10 others suspended. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that key regional indices closed broadly negative as investors remained worried about potential recession in the US, Europe other regional countries caused by interest rate hikes.
“We reckoned the local market would face some headwinds due to lack of buying support amid the heightened regional market volatility. As such, we expect the benchmark index to hover between the 1,500 to1,515 range towards the weekend,” he added. Of the actives, Yew Lee Pacific added 1.5 sen to 30.5 sen, EA Holdings and Green Packet eased half-a-sen each to one sen and seven sen respectively, LGMS declined 13 sen to 71.5 sen, while Dynaciate was flat at 14.5 sen.
The Main Market volume decreased to 1.66 billion shares worth RM1.70 billion against 1.71 billion shares worth RM1.55 billion yesterday.
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