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Bursa ends below 1,400-point mark, as risk-off mode triggers selling

Publish date: Mon, 27 Mar 2023, 07:48 PM

KUALA LUMPUR (March 27): Bursa Malaysia struggled to stay above the 1,400-point level on Monday (March 27), as negative sentiment and risk-off mode persisted amid global banking sector woes.

At 5pm, the FBM KLCI had lost 3.10 points, or 0.22%, to end at its intraday low of 1,396.60, compared with last Friday's close at 1,399.70.  

The market bellwether opened 1.25 points higher at 1,400.95, and hit its intraday high of 1,404.65 in the early morning session.

The broader market was negative, with decliners outpacing gainers 576 to 280, while 411 counters were unchanged, 1,005 untraded and 24 others suspended.

Turnover, however, rose to 3.37 billion units valued at RM1.72 billion, from 2.99 billion units worth RM1.91 billion at last Friday's close.

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