Bursa ends lower amid OPR status quo FMTNews FMTBusiness
KUALA LUMPUR: Bursa Malaysia closed on a softer note today amid Bank Negara Malaysia’s decision to retain the overnight policy rate at 3%.
The minutes revealed that some of the Fed officials were in favour of increasing interest rates in mid-July. The key index opened 0.19 of-a-point lower at 1,389.71 this morning and moved between 1,381.86 and 1,389.71 throughout the session. Among the heavyweights, Maybank and CIMB added three sen each to RM8.73 and RM5.21, Public Bank lost two sen to RM3.88, Tenaga Nasional inched down one sen to RM9.07 and IHH Healthcare erased three sen to RM5.80.
Sector-wise, the financial services index edged up 9.67 points to 15,474.2, the industrial products and services index shaved 1.11 points to 157.86, the energy index decreased 6.01 points to 792.16, and the plantation index shed 54.8 points to 6,861.37.
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