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Bursa Malaysia opens lower amidst market volatility

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KUALA LUMPUR, June 17 ― Bursa Malaysia opened broadly lower today, tracking the losses on Wall Street overnight as investors remain cautious on the global market outlook...

KUALA LUMPUR, June 17 ― Bursa Malaysia opened broadly lower today, tracking the losses on Wall Street overnight as investors remain cautious on the global market outlook amidst market volatility, a dealer said.

“Due to greater market volatility across the region and heavy selldown on Wall Street overnight, we expect the local market to face some headwinds and anticipate the benchmark index to trend rangebound within 1,460-1,470 for today,” he told Bernama. Of the actives, Sapura Energy and TWL stayed flat at five sen and seven sen, respectively, Dagang NeXchange lost 2.5 sen to 81.5 sen, and Bintai Kinden declined one sen to nine sen.

 

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