Bursa Malaysia retreats from opening gains as investors turn cautious ahead of weekend
KUALA LUMPUR, Oct 16 — Bursa Malaysia opened slightly higher today but eased thereafter due to mil...
Bursa Malaysia retreated from its opening gains as investors became cautious ahead of the weekend. The FTSE Bursa Malaysia KLCI index dropped 5.38 points, or 0.33%, to 1,618.32 at 9:15 am, down from the previous day's close of 1,623.70. While advancers outnumbered decliners 300 to 136, turnover stood at 319.91 million units, worth RM148.84 million.
Market sentiment may recover slightly following Wall Street's overnight rebound, but the rotation out of US AI-related technology stocks could continue to dampen global risk appetite. Large-cap defensive names are expected to provide support to the KLCI, while broader-market participation may remain subdued heading into the weekend.
Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Bursa Malaysia turns lower in early trade after opening higher nst.com.my
- Bursa reverses early gains to trade lower freemalaysiatoday.com
