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Stocks on Bursa Malaysia closed lower for the third consecutive day last Friday as market sentiment continued to sour pending the uncertainty on the US debt problem. The US debt crisis continued to weigh in on investors amid an easier regional market and a weak performance overnight on Wall Street. The FBM KLCI declined 3.1 points, or 0.2%, to 1,548.81 after opening 1.31 points higher at 1,553.22, and week-on-week, it lost 16.25 points from the previous week’s close of 1,565.06. Losers led gainers by 426 to 306 while 315 were unchanged. Volume increased to 1,107 billion shares worth RM1.716 billion compared with 1.06 billion shares valued at RM1.74 billion on Thursday. Weekly volume increased to 5.13 billion shares, worth RM8.07 billion, from 4.9 billion shares, valued at RM9.24 billion, last week.

Stocks on Bursa Malaysia ended broadly lower yesterday, weighed on by concerns over US debt talks and a downgrade of its credit rating. The uncertain situation in the US kept the market under selling pressure, and investors were getting nervous over whether US lawmakers would be able to reach an agreement to prevent a government default and allow the country to maintain its “AAA” credit rating. The FBM KLCI fell 6.26 points, or 0.4%, to 1,551.91, after hitting an intra-day low of 1,544.96. Losers overwhelmed gainers by 480 to 290 while 274 counters closed unchanged. Volume increased to 1.06 billion shares valued at RM1.74 billion compared with 1.05 billion shares worth RM1.7 billion on Wednesday. 

Stocks on Bursa Malaysia ended mixed yesterday with investor interest confined to selective sectors and stocks, including telecommunication and plantation counters. The market was concerned over progress in the plan to lift the US debt ceiling that has triggered a broad sell-off in risky assets worldwide. The FBM KLCI fell 3.6 points, or 0.23%, to 1,558.17. Market breadth was positive with advancers leading decliners by 383 to 320 while 343 counters closed unchanged. Volume rose to 1.05 billion shares worth RM1.7 billion from 1.04 billion shares valued at RM1.54 billion on Tuesday.