Bursa opens lower on profit-taking amid geopolitical uncertainties
The benchmark index eases by 4.38 points to 1,728.98 following gains in the previous session.
Bursa Malaysia's benchmark index, the FTSE Bursa Malaysia KLCI, opened lower on Wednesday, experiencing profit-taking following the previous session's gains. The index fell by 4.38 points to 1,728.98, from the previous close of 1,733.36. The market showed negative breadth, with more stocks declining than advancing, with a ratio of 219 to 101.
The turnover for the day was 116.63 million shares, valued at RM53.77 million. Investors remained cautious amid ongoing geopolitical uncertainties, with many anticipating the index to hover between the 1,725-1,735 range today. Among the heavyweights, Maybank, CIMB Group, Tenaga Nasional, IHH Healthcare, and Public Bank all saw declines.
In contrast, Dutch Lady Milk Industries, Hong Leong Bank, KPJ Healthcare, Hengyuan Refining Company, and ITMAX System were among the top gainers for the day.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Bursa opens lower on profit-taking amid geopolitical uncertainties freemalaysiatoday.com
