Bursa edges lower after strong opening FMTNews FMTBusiness
KUALA LUMPUR: Bursa Malaysia’s main index opened marginally higher but turned lower thereafter, tracking the mixed signals on Wall Street’s performance overnight due to concerns of economic uncertainties, an analyst said.
On the home front, he said the overall sentiment is expected to remain cautious following concerns of market uncertainties, however, the main index seems to be well supported at current levels. Among the heavyweights, Maybank and Public Bank eased two sen to RM8.64 and RM4, respectively, Petronas Chemicals fell five sen to RM7.20, while both CIMB and TNB were unchanged at RM5.31 and RM9.26, respectively.
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