Bursa opens lower amid political uncertainty
KUALA LUMPUR, Aug 16 — Bursa Malaysia opened broadly lower on Monday amid weak sentiment due to the fluid political situation, with the key index falling below 1,500 points.
“As more sectors are allowed to reopen, investors may pinpoint the recovery theme sectors such as consumer-related, building material and construction. Besides, plantation stocks may be in the limelight as crude palm oil price is trading near the all-time high zone,” the brokerage said in a research note today.
Of the actives, Advance Synergy rose one sen to 18 sen, Avillion increased 3.5 sen to 22.5 sen, Tanco and Malayan United Industries inched up half-a-sen to 22 sen and nine sen, respectively, while Metronic Global slipped half-a-sen to 3.5 sen and Serba Dinamik eased one sen 42.5 sen.
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