Bursa Malaysia opens lower; Vanzo rises on ACE-Market debut

📆 12/17/2024 2:22 AM
📰 staronline

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FBM KLCI,KLCI,Bursa Malaysia

BEIJING: Singapore property and healthcare player Perennial Holdings has become the first foreign company to be granted a licence by the Chinese authorities to wholly own and run a tertiary hospital in China.

KUALA LUMPUR: Bursa Malaysia opened lower today, despite gains on Wall Street overnight, as cautious investors awaited the Federal Reserve's interest rate decision later this week.

Overnight, the Dow Jones Industrial Average fell 0.25% to 43,717.85, the S&P 500 rose 0.38% to 6,074.12 and the Nasdaq Composite was up 1.24%, to 20,173.89. Inter-Pacific Research expects market conditions to remain relatively benign in the coming day as market participants await the outcome of the Federal Reserve's meeting on interest rates, which may offer fresh buying momentum for Bursa Malaysia stocks.

“As a result, the key index is seemingly stuck at around the 1,600 levels and unable to sustain the mild upsides.

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