KUALA LUMPUR, Sept 8 — Bursa Malaysia opened slightly lower today, tracking the downbeat overnight performance of the United States stock market amidst ongoing concerns about the Covid-19 Delta variant’s impact on economic recovery.
At 9.07am, the benchmark FTSE Bursa Malaysia KLCI eased 0.06 of-a-point to 1,583.42 from Tuesday’s close of 1,583.48.Market breadth was negative with losers leading gainers 228 to 196, while 323 counters were unchanged, 1,490 untraded and 25 others suspended.In a note today, Malacca Securities Sdn Bhd said trading on the local bourse may turn sideways amid profit-taking activities on the broader market.
The research house also noted that crude palm oil price is on the rise while the crude oil price saw a pullback. Among the heavyweights, Maybank and IHH Healthcare added one sen each to RM8.28 and RM6.31, respectively, Petronas Chemicals gained five sen to RM8.13, Tenaga Nasional shed four sen to RM10.30, while Public Bank was flat at RM4.10.
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