KUALA LUMPUR, Aug 3 ― Bursa Malaysia was lower in early trade today, mirroring the volatile session on Wall Street overnight, a dealer said.
The brokerage said the global markets may see an uneven recovery as investors weighed the escalating US-China tension and some hawkish comments from several Federal Reserve officials, which cause a surge in bond yields as investors priced in more interest rate hike. On the commodity markets, Malacca Securities said Brent oil was traded above US$100 per barrel, while the crude palm oil fell below the crucial support of RM4,000 per tonne.
Of the actives, CSH Alliance and Borneo Oil were flat at 5.5 sen and 2.5 sen, both TWL Holdings and Dagang Nexchange were half-a-sen higher at 6.5 sen and 80 sen and Malaysian Genomics added six sen to 77 sen.
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