Bursa Malaysia opens lower in early trade, tracking Wall Street | Malay Mail

KUALA LUMPUR, Dec 14 ― Bursa Malaysia opened lower in early trade today, taking the cue from the weaker performance on Wall Street, as it took a turn and fell across the board, led by selloffs in consumer discretionary and energy stocks.

“However, we believe market players may continue to scoop up technology stocks, given the sturdy earnings visibility going forward. The brokerage firm said market players are likely to remain cautious ahead of the outcome of the interest rate decision, along with the monetary policy outcome, which is scheduled to be released this week, including that of the US Federal Reserve, Bank of England, European Central Bank, and Bank of Japan.Meanwhile, it noted that crude palm oil prices stayed above RM4,700, while crude oil hovered above the US$74 per barrel mark.

Of the actives, Sapura Energy eased half-a-sen to 4.5 sen, Opcom slid one sen to 92 sen, while MSIAN Genomics added 2.5 sen to 76.5 sen, Supermax bagged three sen to RM1.34, and AT Systematization was flat at 4.5 sen.

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Bursa Malaysia opens lower in early trade | New Straits TimesKUALA LUMPUR: Bursa Malaysia opened lower in early trade today, taking the cue from the weaker performance on Wall Street, as it took a turn and fell across the board, led by selloffs in consumer discretionary and energy stocks.
Source: NST_Online - 🏆 17. / 53 Read more »

Bursa Malaysia opens lower in early trade | New Straits TimesKUALA LUMPUR: Bursa Malaysia opened lower in early trade today, taking the cue from the weaker performance on Wall Street, as it took a turn and fell across the board, led by selloffs in consumer discretionary and energy stocks.
Source: NST_Online - 🏆 17. / 53 Read more »