KUALA LUMPUR, April 27 ― Bursa Malaysia opened lower today due to emerging profit taking in selected heavyweights following yesterday’s gains, tracking the weaker performance on Wall Street overnight.
The Dow Jones Index Average declined by 809 points while the Nasdaq lost 514 points to end at a new 52-week low, despite the US 10-year yield easing to a week low of 2.73 per cent. Meanwhile, Thong said crude palm oil rebounded above the RM7,000 per tonne on concerns over the supply side. Of the actives, Techna-X, Saudee and TWL were flat at 11 sen, 5.5 sen and 8.5 sen, respectively, Dagang Nexchange slipped 2.5 sen to 99.5 sen, and PUC eased half-a-sen to 11 sen.
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