Malaysia
This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Poor showing at Wall Street weighs down on Bursa

A weak closing on Wall Street overnight as a result of rising geopolitical tension saw sentiments take a beating in regional bourses.

KUALA LUMPUR: Bursa Malaysia started the day lower in early trade, in sync with the regional bourses as the market sentiment was weighed down by the weak overnight Wall Street closing, rising geopolitical tension and heightened inflationary pressures.

At 9.07am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shaved 3.72 points to 1,493.96 from 1,497.68 at yesterday’s close.

The benchmark index opened 1.96 points easier at 1,495.72.

Market breadth was negative with losers outnumbering gainers 191 to 90, while 207 counters were unchanged, 1,797 not traded and eight others suspended.

Turnover stood at 130.47 million units worth RM53.29 million.

MORE TO COME