Bursa Malaysia snaps four-day winning streak as global markets retreat

KUALA LUMPUR, Oct 15 — Bursa Malaysia’s key index retreated four days of gains to close lower today, following profit-taking in selected heavyweight stocks and tracking regional and Wall Street losses.

The S&P 500 and Nasdaq dropped 1.1 per cent and 1.9 per cent, respectively, while the Dow dipped just 0.1 per cent.

Regionally, the Hang Seng decreased 1.03 per cent to 24,062.72, while STI Index fell 0.37 per cent to 5,403.50. The KOSPI Composite Index slipped 7.57 per cent to 5,554.22, and the Nikkei 225 shed 4.90 per cent to 64,425.95.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.02 points, or 0.24 per cent, to 1,623.70 from yesterday’s close of 1,627.72.