KUALA LUMPUR, March 4 ― Bursa Malaysia reversed yesterday's gains to open lower today, dragged down by Wall Street's choppy overnight performance amid concerns over the Russia-Ukraine geopolitical conflict towards the pace of economic growth, a dealer said.
“We believe that the concern is also escalating in addition to inflationary worries amid the high commodity prices,” he told Bernama. “Meanwhile, profit-taking could emerge on crude palm oil and crude oil as crude palm oil ended at RM7,450 per tonne, with the Brent crude settling at US$110 per barrel,” he said.
Of the actives, China Automobile rose one sen to 20 sen, TDM inched up 1.5 sen to 32.5 sen and DNex slid two sen to RM1.06.
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