Bursa opens lower after a sharp fall on Wall Street
A dealer said near-term sentiment should continue to be adversely affected by the worsening US-China trade relations, given the current tit-for-tat trade sanctions on the technology-related sector. — Bernama pic
At 9.13am, the key FTSE Bursa Malaysia KLCI was down 4.83 points to 1,597.04 after opening 7.71 points lower at 1,594.16. “In all, we continue to see the key index heading lower amid the continuing weak market sentiments and if the 1,600 support gives way, the FBM KLCI could head towards the 1,595 and 1,590 levels. On the other hand, the resistances remain at 1,610 and 1,620 respectively,” he 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.
Bursa Malaysia opens lower on external market uncertainties | Malay MailKUALA LUMPUR, May 23 ― Bursa Malaysia opened lower weighed by the ongoing external market uncertainties. At 9.13am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was down 12.81 points to 1,590.93 after opening 3.8 points lower at 1,599.94. Losers outpaced gainers 299 to 72, with 160 counters...
Read more »
Bursa Malaysia continues to trade lower at mid-afternoon | Malay MailKUALA LUMPUR, May 23 ― Bursa Malaysia continued to trade lower at mid-afternoon today, weighed by losses on Petronas-linked counters as US crude oil inventory hit its highest level since July 2017. At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.22 points to 1,602.52. The benchmark index...
Read more »
Bursa Malaysia remains lower at mid-morning | Malay MailKUALA LUMPUR, May 23 ― Bursa Malaysia remained lower at mid-morning today on weak follow-through buying momentum and a cautious regional tone, dealers said. At 11am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was down 3.98 points to 1,599.76 after opening 3.8 points lower at 1,599.94. Losers...
Read more »
Bursa Malaysia opens higher but retreated thereafter | Malay MailKUALA LUMPUR, May 21 ― Bursa Malaysia opens higher but retreated thereafter on persistent market volatility due to US-China trade war. At 9.06am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was down 0.77 of-a-point to 1,604.59 after opening 3.38 points higher at 1,608.74. Losers outpaced gainers...
Read more »
Bursa Malaysia ends higher | Malay MailKUALA LUMPUR, May 17 — Bursa Malaysia closed higher today with the key index ending off its intraday high as buying interspersed with selling, amid mounting trade war fears after the US bans China’s telecom giant Huawei. At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.17...
Read more »
Bursa rises in early trade | Malay MailKUALA LUMPUR, May 17 — Bursa Malaysia rebounded on early trade today, in line with the advance in US equity markets. At 9.08am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was up 3.09 points to 1,602.28, led mainly by Public Bank, Dialog and Digi. The index opened 0.13 of-a-point higher at...
Read more »
Bursa higher at mid-day | Malay MailKUALA LUMPUR, May 17 — Bursa Malaysia traded higher at the close of the morning session on continuous bargain-hunting activities. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was up 10.37 points to 1,609.56, led mainly by Public Bank, Digi and Maybank. The benchmark index opened 0.13...
Read more »
Bursa Malaysia poised to gain further to test 1,620 level | Malay MailKUALA LUMPUR, May 18 — Bursa Malaysia is set to rise further next week to test the immediate resistance at 1,620 and the next resistance threshold of 1,650. Phillip Capital Management, Asia-Pacific, senior vice president (investment) Datuk Dr Nazri Khan Adam Khan said the near-term view suggests...
Read more »
Quick take: Tech stocks tumble on Bursa Malaysia
Read more »
Another very tough day for BursaKUALA LUMPUR: Bursa Malaysia got off to a weak start on Thursday with the FBM KLCI falling more than 0.8% as Petronas-linked stocks and Public Bank lost ground.
Read more »