KUALA LUMPUR, Feb 24 ― Bursa Malaysia ended the morning trading session lower today, weighed down by profit-taking in selected heavyweight stocks coupled with escalating geopolitical tensions between Ukraine and Russia, a dealer said.
The bellwether index, which opened 0.58 of-a-point weaker at 1,585.56, moved between 1,570.46 and 1,586.07 throughout the session. “On the technology sector, the rebound could be short-lived tracking another sell-down in Nasdaq overnight,” it said in a note today. Among the heavyweights, Maybank lost 13 sen to RM8.64, Public Bank fell six sen to RM4.30, Petronas Chemicals and CIMB weakened five sen to RM9.18 and RM5.50, respectively, and IHH Healthcare bagged 12 sen to RM6.42.
Source: News Formal (newsformal.com)
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