Bursa Malaysia opens lower on market consolidation | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR, Oct 12 — Bursa Malaysia opened lower on market consolidation, as investors digested the recent gains after seeing the key index rallied about 40 points over the past week. At 9.05am, the market benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.10 points, or 0.79 per cent, to...

At 9.05am, the market benchmark FTSE Bursa Malaysia KLCI fell 12.10 points, or 0.79 per cent, to 1,518.25 from last Friday’s close of 1,530.35. — Bernama pic

At 9.05am, the market benchmark FTSE Bursa Malaysia KLCI fell 12.10 points, or 0.79 per cent, to 1,518.25 from last Friday’s close of 1,530.35.However, market breadth was positive with gainers leading losers 215 to 186, while 298 counters were unchanged, 1,438 untraded and 32 others suspended.The fall in the heavyweights was led by IHH, declining 19 sen to RM4.87, followed by Tenaga, losing 18 sen to RM10.22, Petronas Chemicals, slipping 11 sen to RM5.

“On a brighter note, the positive market breadth, coupled with the strong trading volumes in recent days, suggests that investors’ appetite remain within the equity market in search for higher yields,” it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bursa Malaysia sharply lower in early trade | New Straits TimesKUALA LUMPUR: Bursa Malaysia opened lower today on market consolidation, as investors digest recent gains in the key index, which rallied about 40 points over the past week.
Source: NST_Online - 🏆 17. / 53 Read more »

Bursa Malaysia to see cautious sentiment next week | Malay MailKUALA LUMPUR, Oct 10 — With less than a month before the much-awaited Budget 2021 tabling, the market is expected to be quiet next week as investors, especially retail participants, await future catalysts. An analyst said the current uncertainties in the local market due to the rising number of...
Source: malaymail - 🏆 1. / 86 Read more »

Bursa Malaysia sharply lower in early trade | New Straits TimesKUALA LUMPUR: Bursa Malaysia opened lower today on market consolidation, as investors digest recent gains in the key index, which rallied about 40 points over the past week.
Source: NST_Online - 🏆 17. / 53 Read more »

Bursa Malaysia to see cautious sentiment next week | Malay MailKUALA LUMPUR, Oct 10 — With less than a month before the much-awaited Budget 2021 tabling, the market is expected to be quiet next week as investors, especially retail participants, await future catalysts. An analyst said the current uncertainties in the local market due to the rising number of...
Source: malaymail - 🏆 1. / 86 Read more »

Some lessors turn down Malaysia Airlines’ proposed restructuring plan | Malay MailSINGAPORE, Oct 10 — A group of leasing companies has rejected a restructuring plan put forward by Malaysia Airlines, bringing the carrier closer to a showdown over its future. Lessors claiming to represent 70 per cent of the airplanes and engines leased to the group have called the plan... Malaysia needs only 1 smaller airline
Source: malaymail - 🏆 1. / 86 Read more »

Netflix doubles down on efforts to tap African market (VIDEO) | Malay MailSAN FRANCISCO, Oct 10 ― With 193 million subscribers in over 190 countries, Netflix seems to reign supreme in the streaming world. However, the Silicon Valley giant is struggling to break through on the African continent, where it's been present in 54 countries since 2015. Netflix is now doubling...
Source: malaymail - 🏆 1. / 86 Read more »