Bursa Malaysia opens higher but retreats thereafter | Malay Mail

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KUALA LUMPUR, March 17 — Bursa Malaysia opened higher but retreated thereafter, tracking the cautious performance of Wall Street ahead of the conclusion of the US Federal Reserve’s policy meeting on Wednesday. At 9.08am, the benchmark FBM KLCI slipped 2.0 points to 1,623.96 versus Tuesday’s...

On the broader market, gainers led losers marginally 290 to 217, while 356 counters were unchanged, 1,374 untraded and nine others suspended. — Picture by Azneal IshakKUALA LUMPUR, March 17 — Bursa Malaysia opened higher but retreated thereafter, tracking the cautious performance of Wall Street ahead of the conclusion of the US Federal Reserve’s policy meeting on Wednesday.The index opened 1.65 points higher at 1,625.61.

“Commodity wise, the Brent crude oil has seen a decline on renewed demand concerns due to a new wave of the pandemic cases in Europe, while the crude palm oil dropped on market expectations on production improvement.

 

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