KUALA LUMPUR, Oct 23 — Bursa Malaysia was lower in the early trade today as sentiments remain weak in the absence of fresh catalysts, a dealer said. At 9.05am, the FTSE Bursa...
At 9.05am, the FTSE Bursa Malaysia KLCI eased 1.66 points to 1,439.38 from Friday’s closing of 1,441.04. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, Oct 23 — Bursa Malaysia was lower in the early trade today as sentiments remain weak in the absence of fresh catalysts, a dealer said.
It said the elevated United States Treasury yields, coupled with the ongoing conflict in the Middle East as well as the hawkish US Federal Reserve capped the upside potential on the local front, at least for the near term.“Despite Wall Street’s negative tone, we notice that some technology stocks are ripe to head higher,” it said.
“We think investors may also pick defensive stocks within the telco, utilities and consumer sectors,” it said. Of the actives, Hong Seng and Widad rose one sen to 5.5 sen and 56.5 sen, respectively, Auro and Velesto shed half-a-sen to 17 sen and 25 sen, respectively, while Asdion flat at eight sen.
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