KUALA LUMPUR, Sept 29 — Bursa Malaysia opened lower today after a one-day break as a fall in Asian equities on Thursday prompted continued caution despite gains on Wall Street...
KUALA LUMPUR, Sept 29 — Bursa Malaysia opened lower today after a one-day break as a fall in Asian equities on Thursday prompted continued caution despite gains on Wall Street overnight.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng noted that Wall Street closed higher overnight despite numerous headwinds, such as high treasury yields and a possible US government shutdown on October 1. The Dow Jones Industrial Average added 116 points while the Nasdaq gained 108 points as the US 10-year Treasury yield edged down to 4.579 per cent, coming down from 16-year highs.
Among the heavyweight counters, Maybank lost two sen RM8.86, Public Bank fell one sen to RM4.13 and CIMB slid three sen to RM5.52. Tenaga Nasional went down seven sen to RM9.95 and Petronas Chemicals was five sen weaker at RM7.17.
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