Bursa Malaysia opens lower | Malay Mail

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KUALA LUMPUR, Aug 12 — Bursa Malaysia opened lower taking the cue from Wall Street’s weaker overnight performance which stumbled in late trade, giving up earlier gains as a selloff in tech shares continued. Investors were also assessing the outlook for the economy amid a slowing down in the...

The Bursa Malaysia key index opens 5.92 points lower at 1,558.82. — Picture by Firdaus Latif

At 9.06am, the benchmark FTSE Bursa Malaysia KLCI fell 7.00 points to 1,557.74 from yesterday's close of 1,564.74.Market breadth was negative, with losers leading gainers 385 to 157, while 264 counters were unchanged, 1,180 untraded and 22 others suspended.Malacca Securities Sdn Bhd in a note said the weakness on Wall Street might permeate to stocks across Bursa Malaysia.

For sector in focus, the firm said it continued to favour the energy sector following the Brent oil prices attempt to break above the US$45 a barrel level.

 

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