Bursa retreats after opening higher | Malay Mail

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Bursa retreats after opening higher

In very narrow range trading, Bursa Malaysia is unable to maintain its positive opening as it slips marginally into the red soon after. — Bernama pic

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI fell 0.08 of-a-point to 1,642.21, from Tuesday's close of 1,642.29.The market was closed yesterday on Labour Day. It said the policy statement and particularly Federal Reserve chair Jerome Hayden Powell’s insistence the Fed saw no compelling reason to consider a rate cut in response to weak inflation, prompted a modest sell-off in the Wall Street and pushed bond yields higher.

Maybank and Petronas Chemicals rose one sen each to RM9.26 and RM9.01, while PetGas added 30 sen to RM17.98.

 

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