Bursa Malaysia slips after higher opening

Bursa Malaysia's benchmark index slipped into negative territory on Friday, following a slightly higher opening amid weaker overnight sentiment on Wall Street due to disappointing technology earnings. The FTSE Bursa Malaysia KLCI eased 0.66 points, or 0.04%, to 1,610.50 from Thursday's close of 1,611.16. The broader market saw more losers than gainers, with 265 counters declining and 107 gaining, while 265 remained unchanged.

Analysts attribute the negative trend to concerns over capital expenditure required for AI investments following weaker earnings from US technology giant Alphabet Inc.

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