(Reuters) - Oracle's shares sank over 8% on Tuesday in premarket trading after its quarterly revenue fell short of expectations, hindered by fierce competition among database and cloud services providers.
KUALA LUMPUR: Bursa Malaysia ended lower today in thin trading with volume falling below three billion shares, amid weak performance on Wall Street overnight, reflecting investor caution ahead of key US inflation data releases this week which will influence the rate cut decision on Dec 18.
UOB Kay Hian Wealth Advisors' head of investment research Mohd Sedek Jantan said the US consumer price index is scheduled for release on Dec 11 and the producer price index on Dec 12, which are expected to influence the Federal Open Market Committee’s decision on interest rate. Mohd Sedek said that among Bursa Malaysia's sectoral indices, the Healthcare Index led the gainers, buoyed by investor optimism after a leading glove manufacturer announced a special single-tier dividend.
Among the heavyweights, IHH Healthcare added 2.0 sen to RM7.44, Public Bank eased 2.0 sen to RM4.52, CIMB slid 7.0 sen to RM8.11, and Tenaga Nasional gave up 14 sen to RM13.68, while Maybank was flat RM10.10. Sector-wise, the Financial Services Index erased 2.10 points to 19,102.44, the Plantation Index slipped 26.68 points to 7,725.16, the Energy Index lost 1.25 points to 822.07, but the Industrial Products and Services Index firmed by 1.53 points to 176.21.
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