Bursa Malaysia ends morning session lower | Malay Mail

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KUALA LUMPUR, March 19 ― Bursa Malaysia ended the morning session lower as negative cues from Wall Street and oil prices took a toll on the technology and energy sectors. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 6.53 points to 1,621.46 from yesterday's close of...

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI slipped 6.53 points to 1,621.46 from yesterday's close of 1,627.99. ― Picture by Hari AnggaraKUALA LUMPUR, March 19 ― Bursa Malaysia ended the morning session lower as negative cues from Wall Street and oil prices took a toll on the technology and energy sectors.

The index had opened 3.05 points higher at 1,631.04, but subsequently began retreating, hitting a low of 1,620.80 at one point. The Hang Seng Index dipped 1.55 per cent to 28,950.83, the Shanghai Stock Exchange Composite Index was 1.04 per cent lower at 3,426.91, while the Nikkei Index was 1.14 per cent weaker at 29,873.22 as investors await the outcome of the Bank of Japan's policy meeting.

Meanwhile, oil prices fell by more than seven per cent on Thursday amidst worries over demand from Europe, as well as the higher US crude inventories which surpassed expectations, having increased by 2.4 million barrels last week.

Source: Energy Industry News (energyindustrynews.net)

 

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