Bursa Malaysia opens easier ahead of US inflation data

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Bursa Malaysia News

Bursa Malaysia Opening

KUALA LUMPUR, June 28 ― Bursa Malaysia opened lower today amid a subdued Wall Street performance as traders remain sidelined ahead of fresh United States (US) inflation data...

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At 9.15am, the FTSE Bursa Malaysia KLCI eased 1.70 points to 1,583.24 from yesterday's close of 1,584.94. ― Bernama picKUALA LUMPUR, June 28 ― Bursa Malaysia opened lower today amid a subdued Wall Street performance as traders remain sidelined ahead of fresh United States inflation data to be issued later today, said an analyst.

Rakuten Trade Research head of research Kenny Yee believes trading patterns on the local bourse will be subdued today ahead of the release of the US personal consumption expenditure data. Yee said the local bourse is trading at a reasonable 15 times market price-to-earnings ratio compared to the historical 16.5x which may result in some bargain-hunting activities in due course.

Bursa Malaysia Opening

 

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