KUALA LUMPUR, June 12 ― Bursa Malaysia opened sharply lower today taking the cue from the overnight rout on Wall Street after a prolonged rally, amid concerns on the resurgence of coronavirus pandemic and the Federal Reserve's gloomy economic outlook, dealers said. At 9.05am, the benchmark...
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI dropped 42.69 points to 1,514.56 from yesterday’s close of 1,557.25. — Picture by Firdaus Latif
The unabated selloff on Wall Street overnight coupled with the sharp decline on commodity prices may see weakness permeates to stocks across Bursa Malaysia. In line with the fragile sentiments, it expected regional markets to see market correction taking centre stage."Therefore, we see more meaningful support at the 1,500 level for the benchmark index," it said.
Of the most actives, Lambo eased half-a-sen at two sen, AT Systematization slid 2.5 sen to 13.5 sen while Pegasus and its warrant, as well as Priceworth International, were all flat at half-a-sen, one sen and 1.5 sen respectively.
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