KUALA LUMPUR: Bursa Malaysia closed flat on Tuesday after a rollercoaster session as investors remain uncertain about Donald Trump's future policies.

The FTSE Bursa Malaysia (FBM) KLCI was down 0.05 per cent or 0.83 points to 1,608.43 versus Monday's close of 1,609.26.   

The index traded between 1,605.43 and 1,615.96 range throughout the day.

The broader market saw losers led gainers 602 to 413 while 531 counters were unchanged.

On the index board, FBM100 added 0.04 per cent to 11,885.90, FBM Ace gained 0.1 per cent to 5,131.87 and FBM Emas was flat at 12,180.05.

Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said Malaysian equities closed broadly lower with selling mainly in industrial products and telco stocks while buying on plantation and healthcare counters.

"Due to the unexpected shift in market sentiment, we are staying cautious, considering the increased levels of volatility and uncertainty.

"We advise investors to accumulate blue-chip stocks that have seen major sell-offs, considering their strong fundamentals and reduced valuations," he said in a note.

The firm's weekly FBM KLCI target is unchanged at 1,600-1,630, marking the key support and resistance levels for the remainder of the week.

https://www.nst.com.my/business/corporate/2024/11/1133452/bursa-malaysia-ends-flat-amid-uncertainty-over-trumps-policies