Bursa Malaysia continued to be sluggish on Thursday (June 1) amid a lack of impetus despite the optimism surrounding the US debt ceiling development.

The bill to raise the US debt ceiling was passed in the House of Representatives and will now go to the Senate for a final vote ahead of Monday’s deadline.

Bursa ends lower on sluggish momentum

Bursa Malaysia and regional bourses sank into the red on Wednesday (May 31), amid uncertainties over whether the US Congress would resolve the debt ceiling impasse later in the day.

Hong Kong’s Hang Seng Index led the regional decline, losing 1.94% to 18,234.27, Japan’s Nikkei 225 fell 1.41% to 30,887.88, Singapore’s Straits Times Index eased 0.90% to 3,158.80, and China’s SSE Composite Index dipped by 0.61% to 3,204.56.

Bursa, regional peers remain under pressure ahead of US debt voting

Bursa Malaysia ended at its intraday low on Tuesday (May 30) amid mounting caution ahead of the US debt ceiling bill vote as early as Wednesday.

At the time of writing, optimism that a deal would be struck soon remains. US Congress needs to raise the debt ceiling by June 5 or the country could run out of cash to pay its obligations.

Bursa ends lower amid caution ahead of US debt ceiling vote

Bursa Malaysia’s main index ended in positive territory after a see-saw trading session, boosted by gains in selected heavyweights led by Press Metal Aluminium Holdings Bhd and CelcomDigi Bhd.

FBM KLCI ends in positive zone, selling weighs on low liners

Bursa Malaysia recouped earlier losses to close marginally higher on Friday (May 26), lifted by late buying in utilities and technology counters, in line with the upbeat performance in most regional bourses.

Bursa recoups earlier losses to end marginally higher

Late selling in plantation counters dragged Bursa Malaysia to end at an intraday low on Thursday (May 25) in line with the mostly downbeat performance of its regional peers.

Bursa closes at intraday low amid weak regional sentiment

KUALA LUMPUR (May 24): Bursa Malaysia ended slightly lower on Wednesday (May 24) despite late gains in selected industrial products and services as well as telecommunications and media counters. 

At 5.00pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.92 points to close at 1,409....

Bursa ends slightly lower 

Bursa Malaysia extended Monday’s (May 22) losses to end lower on Tuesday on continued selling in financial services, as well as industrial products and services counters, amid weaker sentiment on regional bourses.

Bursa extends losses to close lower

Bursa Malaysia snapped four consecutive days of gains to end lower on Monday (May 22) on continued selling in financial services and telecommunication counters despite the upbeat sentiment on regional bourses, said an analyst.

Bursa snaps four-day winning streak to end lower

KUALA LUMPUR (May 19): Bursa Malaysia closed marginally higher on Friday (May 19), as last-minute bargain-hunting activities emerged amid mixed market sentiment.

FBM KLCI recovers on last-minute bargain-hunting

Bursa Malaysia recouped earlier losses to close higher on Thursday (May 18), in sync with the upbeat performance in regional bourses as market sentiment turned positive, fuelling investors' risk appetite.

Bursa ends at intraday high on positive market sentiment

Bursa Malaysia staged a mild recovery on Wednesday (May 17) as investors took some profits, but the continuous buying support in selected heavyweight counters managed to push the key index into positive territory at the close.

Bursa stages mild recovery as FBM KLCI ends positive

Bursa Malaysia snapped a five-day losing streak to close higher on Tuesday (May 16), in tandem with the uptrend in regional bourses, buoyed by bargain hunting for selected heavyweights.

At 5pm, the FBM KLCI had risen 6.13 points to 1,423.50, from 1,417.37 at Monday's close.

Bursa snaps five-day losing streak on bargain hunting

Bursa Malaysia closed lower for the fifth consecutive session on Monday (May 15), as weak market sentiment due to external developments weighed on investors’ risk appetite.

Bursa closes lower for fifth straight trading day

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SC adds one potential clone to Investor Alert List

US Senate set to pass debt limit suspension bill on Thursday night

Ringgit rises against US dollar in early session on June 2

Bursa Malaysia rebounds in early session, lifted by bargain hunters

Elon Musk knocks Bernard Arnault off the perch to reclaim top spot

Kenanga Research projects  CY23F FBM KLCI earnings to contract by 1.2%

Australia raises minimum wage by 5.75% as living costs surge

HLIB Research says Velesto's valuations have become inflated

Malaysia's corporate profits disappoint on slowing demand, with little help from China reopening

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

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