The index opened 0.29 of a point lower at 1,474.39.
At 9.32am, the benchmark FBM KLCI climbed 0.65 of a point to 1,475.33.
“As we enter into the final few trading days for 2022, we reckon accumulation of shares to persist especially on the banks and oil & gas counters amid some portfolio rebalancing activities hence expect the index to hover within the 1,470-1,485 range today. Malacca Securities said the improvement on Wall Street last Friday may spill over to the local front, but the upside might be capped amid worries over the impact of fresh Covid-19 outbreaks in China.
“We believe the crude oil price could remain positive above the support of US$80 over the near term given the production cut from OPEC+ and Russia,” it said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fallout from war, inflation hit the ringgit and Bursa Malaysia in 2022The biggest currency market rout has put pressure on central banks to hike rates as prices surged, including in Malaysia. theSun theSundaily YearInReview business news bursa Malaysia Price inflation
Read more »
MetMalaysia issues strong winds, rough seas warning in several states“The wind condition and rough seas are dangerous to all coastal activities and shipping including oil rig workers,” according to the statement. theSun thesundaily MetMalaysia strongwinds roughseas
Read more »
MetMalaysia issues strong winds, rough seas warning until Dec 29KUALA LUMPUR: The Meteorological Department of Malaysia (MetMalaysia) has issued a strong winds and rough seas warning in the waters of several states until Thursday (Dec 29).
Read more »