KUALA LUMPUR, March 24 ― Bursa Malaysia ended the week lower in line with the regional markets as investors remain wary that the global banking crisis could worsen despite the...
KUALA LUMPUR, March 24 ― Bursa Malaysia ended the week lower in line with the regional markets as investors remain wary that the global banking crisis could worsen despite the assurance from US Treasury Secretary Janet Yellen to keep deposits safe at banks, said an analyst.
The market bellwether opened 0.15 of-a-point higher at 1,411.13 and hit an intraday high of 1,411.67 in the early session. Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said the recent banking crisis in the United States and Europe has very little impact on Malaysia as the local banking system is highly regulated, whereby asset quality risks are well contained.
Among Bursa Malaysia heavyweights, MISC increased three sen to RM7.19, Maybank depreciated six sen to RM8.43, Public Bank shed five sen to RM3.90, while CIMB and TNB slipped two sen each to RM5.19 and RM9.54, respectively. The FBM Emas Shariah Index went down 71.33 points to 10,599.21, and the FBM ACE Index dropped 10.83 points to 5,303.82.
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