KUALA LUMPUR, Nov 16 — Bursa Malaysia opened lower on Tuesday, tracking the negative sentiment on the overnight Wall Street performance due to concerns over the threat of rising inflation, as well as the United States Federal Reserve’s potential withdrawal of stimulus measures.
“Investors could find opportunities in recently beaten-down technology and consumer-related counters amidst the earning seasons for bargain hunting opportunities,” it said. Among the heavyweights, Maybank deducted two sen to RM8.08 and Public Bank was flat at RM4.01, while Petronas Chemicals rose one sen to RM8.30.
Top losers were Genetec which shed 22 sen to RM42.02, Hong Leong Bank which shrank 14 sen to RM18 and Tafi Industries which declined 11 sen to RM3.62.
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