Bursa Malaysia ends lower on regional jitters as US election uncertainty weighs

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KUALA LUMPUR: Bursa Malaysia mirrored regional jitters to end lower as the US election nears with polls indicating a closely contested race.

The FBM 70 Index slid 30.63 points to 17,602.87 and the FBM ACE Index trimmed 26.63 points to 5,005.65.

"Nevertheless, we reckon today's sell-off presents an opportunity for bargain hunting in the local market given the cheap valuation of Malaysian equities especially blue chips as their fundamentals remain strong.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapan

Topics: Alphabet Markets US Election Bursa Malaysia /Business/Business News BoJ Closing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 18:05:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 726 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23337209

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Official Website: thestar.com.my

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