Bursa Malaysia pares gains at opening on weak Wall Street cue
KUALA LUMPUR: Bursa Malaysia opened higher on Tuesday but soon pared its gains, tracking Wall Street’s weaker performance yesterday.
Bursa Malaysia's benchmark index, the FBM KLCI, opened higher on Tuesday but quickly pared its gains, mirroring the weaker performance of Wall Street. The index closed at 1,718.04, down 7.84 points from Friday's close of 1,725.88. Market breadth was negative, with more stocks losing value than gaining, and turnover was at 788.49 million shares worth RM318.30 million. Analysts suggest that bargain-hunting activities could emerge, with the index expected to trend within the 1,720-1,735 range.
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- Bursa Malaysia pares gains after opening higher on Wall Street weakness malaymail.com
- Bursa pares gains at opening on weak Wall Street cue freemalaysiatoday.com
