Bursa Malaysia ends lower due to selling pressure in financial services heavyweights

Quick Summary:

KUALA LUMPUR: Bursa Malaysia's benchmark index ended lower today, dragged down by continued selling pressure on selected heavyweights, led by the financial services sector.

The ACE Market volume weakened to 313.62 million units valued at RM111.93 million versus 357.24 million units valued at RM119.96 million previously.

UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said the FBM KLCI closed lower today, unable to sustain its earlier momentum, primarily due to a decline in financial stocks.

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Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Markets KLCI Bursa Malaysia /Business/Business News Trading Equities Securities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-06 @ 17:46:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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News ID: 26693610

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