KUALA LUMPUR, Aug 8 — Bursa Malaysia closed marginally lower today amid mixed regional peers as sentiment was mostly weighed down by the negative cues from global markets.
On the broader market, losers beat gainers 464 to 323, while 410 counters were unchanged, 1,061 untraded, and eight others suspended. He also said some investors are wary of further possible aggressive rate hikes by the US Federal Reserves following a stronger-than-expected US job data last Friday. “As such, we expect the FBM KLCI to trend sideways with an uptrend bias within the 1,485-1,515 range for the week,” he told Bernama, citing the next resistance level to be at 1,500 followed by 1,530, with the support level at 1,460.
Sector-wise, the Industrial Products and Services Index eased 1.35 points to 182.63, the Energy Index slipped 0.5 of-a-point to 652.53 and the Plantation Index went down 4.14 points to 7,121.13.The Main Market volume dwindled to 1.47 billion shares worth RM1.12 billion from 1.79 billion shares worth RM1.39 billion on Friday.