Bursa opens lower as investors take profits amid US-Iran talks

Bursa Malaysia commenced trading on a lower note on Wednesday, as investors seized profits from certain heavyweights in the market, dampening recent gains in light of ongoing United States-Iran negotiations. The index, which mirrored the mixed trend observed on Wall Street, where the Nasdaq peaked intraday, closed 0.35% lower at 1,677.52, down from Tuesday’s close of 1,683.50.

At the opening bell, the benchmark index slipped 5.98 points, or 0.35%, to 1,682.19, while market breadth was nearly balanced with more losses than gains. A total of 306 stocks remained unchanged, with 2,205 untraded and 27 suspended. Trading volume amounted to 227.52 million shares, valued at RM119.54 million.

Brief written by urgent.news from Free Malaysia Today's own syndicated text. Machine-written — may contain errors; check the original before relying on it.