Bursa open lower on Wall Street weakness, hawkish Fed remarks
The benchmark index eased to 1,673.84, as market breadth was negative, with losers outnumbering gainers 259 to 134.
Bursa Malaysia opened lower on Thursday, following a decline in Wall Street performance and comments from US Federal Reserve officials. The benchmark index fell 2.59 points, or 0.15%, to 1,673.84 from the previous close of 1,676.43. Market breadth was negative, with more stocks falling than rising. Turnover was 259.94 million shares worth RM101.64 million.
Analysts cited US Fed Governor Michael Barr's recent remarks on interest rates as a potential factor behind the market's volatility. Investors are expected to remain cautious ahead of the US-China summit later today. Despite the overall downturn, some stocks showed resistance, with IHH Healthcare and Tenaga Nasional showing positive movement.
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.
This story
This is one outlet's version. Read the fullest account.
- Wall Street ends down as oil prices, Treasury yields rise straitstimes.com
- Bursa open lower on Wall Street weakness, hawkish Fed remarks freemalaysiatoday.com
- Bursa Malaysia opens lower on Wall Street weakness, hawkish fed remarks nst.com.my
