KUALA LUMPUR: Bursa Malaysia was lower in early trade today as investors took the cue from the weak closing of Wall Street last night amid the ongoing tension in the Middle East.
“We expect the global currency turmoil to take centre stage over the short term on the heightening US yield, hence the higher market volatility. On the broader market, decliners led gainers 157 to 106, while 223 counters were unchanged, 1,871 untraded and nine suspended.Among the heavyweights, Petronas Chemicals, CIMB and Tenaga Nasional lost 2 sen each to RM7.46, RM5.56 and RM9.96, while Maybank, Public Bank and IHH Healthcare were flat at RM8.96, RM4.12 and RM5.95 respectively.
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