KUALA LUMPUR, March 8 ― Bursa Malaysia opened lower today, taking its cue from the negative Wall Street performance. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM...
KUALA LUMPUR, March 8 ― Bursa Malaysia opened lower today, taking its cue from the negative Wall Street performance.
His hawkish statement fuelled concerns of a larger rate hike in the upcoming Federal Open Market Committee meeting on March 21-22. Meanwhile, Thong expects oil and gas stocks to experience some selling pressure following the decline in crude oil prices, due to inventory build-up that saw Brent crude closing lower at US$83 per barrel.
Among the actives, Kejuruteraan Asastera, Advance Synergy, and Perdana Petroleum inched down half-a-sen to 33 sen, 13.5 sen and 20 sen, respectively, and Icon Offshore eased one sen to 8.5 sen, while YBS International gained 1.5 sen to 61.5 sen.
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