Bursa Malaysia ends lower as market awaits new govt formation

Bursa Malaysia pared most of its early losses to close marginally lower today, as uncertainty over the formation of a new government continued to weigh on market sentiment.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 1.36 points, or 0.09 percent, to end at its intraday high of 1,447.96 against 1,449.32 last Thursday.

The market bellwether, which opened 14.77 points lower at 1,434.55, moved in the negative territory throughout the day with the focus fixed on the final outcome of negotiations among various political parties.

Selloffs during the morning session saw the FBM KLCI falling as much as 21.31 points to the day's low of 1,427.75 at one point...