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Bursa Malaysia Declines as Regional Markets Show Mixed Trends

Kuala lumpur: Bursa Malaysia remained lower at midday, tracking mixed performances across regional markets as investor sentiment remained cautious amid concerns over rising oil prices, driven by the ongoing geopolitical tensions in West Asia. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.17 points to 1,735.98 from Thursday's close of 1,737.15.

According to BERNAMA News Agency, the benchmark index opened 1.93 points lower at 1,735.22, and fluctuated between 1,729.34 and 1,739.14 during the morning trading session. On the broader market, losers outpaced gainers 558 to 379, while 560 counters were unchanged, 1,276 remained untraded, and 21 were suspended.

Turnover totaled 1.96 billion units worth RM1.66 billion. Concerns over the impact of rising oil prices due to geopolitical tensions in West Asia continue to weigh on investor sentiment, contributing to the cautious mood in the market.

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