: Bursa Malaysia opened marginally lower today on mild profit-taking in selected heavyweight stocks, in tandem with the weaker sentiment in regional bourses as investors were cautious about the bearish global economic outlook.
“Given the two by-elections in Johor will be held this weekend, traders may also take a cautious stance and continue with profit-taking activities in the construction sector at least for the near term, while shifting their focus to defensive or value stocks,” it said in a note. Among the heavyweights, Maybank rose 2.0 sen to RM9.19, Public Bank was flat at RM4.25 while CIMB slipped 1.0 sen to RM5.73.Of the actives, Classita eased half-a-sen to 7.5 sen, Tanco Holdings was flat at 56 sen while Kanger International earned half-a-sen to 6.0 sen. YTL Power added 10 sen to RM2.20.