Bursa opens lower, tracking weaker Wall Street
The main index eases 5.01 points to 1,709.33 amid rising crude oil prices and US Treasury yields.
Bursa Malaysia opened lower on Thursday. The benchmark FTSE Bursa Malaysia KLCI eased 5.01 points, or 0.29%, to 1,709.33. It had opened 1.64 points lower at 1,712.70.
This performance was attributed to Wall Street's broadly weaker performance overnight. According to Free Malaysia Today, this was due to rising crude oil prices and US Treasury yields. The price of crude oil had risen back above $US100 a barrel, as reported by The Age and The Sydney Morning Herald, amid further escalation in the situation.
Market breadth was subdued, with 244 losers outnumbering 146 gainers. A total of 317 counters were unchanged, 2,124 untraded and 21 suspended. Turnover stood at 298.80 million shares worth RM127.53 million.
Brief written by urgent.news from Free Malaysia Today, The Hill, The Age, The Sydney Morning Herald — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Oil price surge weighs on Bursa Malaysia, KLCI down 7.52 points malaymail.com
- Bursa opens lower, tracking weaker Wall Street freemalaysiatoday.com
