KUALA LUMPUR: Bursa Malaysia ended the week on a softer note in line with regional bourses, mirroring the global market downturn as the US Federal Reserve (Fed) chairman Jerome Powell expressed doubts about US interest rates’ effectiveness in curbing inflation.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 0.48 per cent, or 7.09 points, to close at 1,445.18 from yesterday’s closing of 1,452.27.

The index opened 1.71 points easier at 1,450.56 and moved between 1,425.01 and 1,451.22 throughout the day.

On the broader market, decliners trumped gainers 557 to 359, while 437 counters were unchanged, 1,021 untraded and 20 others suspended.

Turnover narrowed to 3.19 billion units valued at RM1.61 billion from Thursday’s 3.32 billion units valued at RM1.94 billion. – Bernama