Bursa Malaysia turns lower in early trade after opening higher
KUALA LUMPUR: Bursa Malaysia opened slightly higher on Friday but eased thereafter due to mild profit-taking in selected heavyweight counters
Bursa Malaysia experienced a slight decline in early trade on Friday, opening higher but subsequently easing due to profit-taking in certain heavyweight counters. The FTSE Bursa Malaysia KLCI dropped 5.38 points, or 0.33%, to 1,618.32 from Thursday's close of 1,623.70. The index opened 1.13 points higher at 1,624.83, with advancers outnumbering decliners 300 to 136, and 281 counters remaining unchanged.
Apex Securities noted that while local market sentiment may recover slightly following Wall Street's overnight rebound, the rotation out of US AI-related technology stocks could continue to dampen global risk appetite. The report expects the KLCI to remain range-bound, with large-cap defensive names supporting the index and broader-market participation remaining subdued.
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- Bursa Malaysia retreats from opening gains as investors turn cautious ahead of weekend malaymail.com
- Bursa reverses early gains to trade lower freemalaysiatoday.com
