KUALA LUMPUR: Bursa Malaysia opened mixed on Monday, taking its cue from Wall Street’s mixed performance last Friday due to varied sentiments as the U...
: Bursa Malaysia opened mixed on Monday, taking its cue from Wall Street’s mixed performance last Friday due to varied sentiments as the United States Federal Reserve kept the federal funds rate unchanged at 5.25-5.50 per cent for the fifth straight meeting.
On the broader market, gainers led decliners 233 to 192, while 333 counters were unchanged, 1,577 untraded and 37 suspended.Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said that Wall Street closed mixed last Friday due to negative sentiments after the Fed kept the federal funds rate unchanged.
“Due to the uncertainty on Wall Street, we believe trading on the local bourse would be stuck in a tight range of between 1,535 and 1,545 today,” he said to Bernama.Among the heavyweights, Maybank declined 2.0 sen to RM9.57 and Tenaga Nasional weakened 8.0 sen to RM11.48, while CIMB Group and Petronas Chemical added 3.0 sen each to RM6.58 and RM6.82, respectively, and Public Bank was flat at RM4.
On the index board, the FBM Emas Index reduced by 10.36 points to 11,544.74 and the FBMT 100 Index was 14.73 points lower at 11,189.45, while the FBM Emas Shariah Index declined by 19.14 points to 11,632.84.
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