KUALA LUMPUR, Feb 24 ― Bursa Malaysia reversed yesterday’s gains to open lower in early trade today due to cautious market sentiment, taking the cue from the overnight weakness on Wall Street, a dealer said.
“The Dow Jones Industrial Average fell 465 points while Nasdaq lost 344 points to end at just above the 13,000 mark,” he told Bernama. “Despite the sharp decline on Wall Street, we reckon the local bourse to continue with its solid performance and expect the index to trend within the 1,580-1,595 range today,” he told Bernama.
Of the actives, Dagang Nexchange eased two sen to RM1.19, while Jag Bhd added half-a-point to 36.5 sen and Jaya Tiasa gained 2.5 sen to 91.5 sen.
Source: News Formal (newsformal.com)
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