Bearish sentiment globally pressures Bursa Malaysia to open lower, market expected to be cautious all day

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Bursa Malaysia News

FBM KLCI

KUALA LUMPUR, Sept 9 — Bearish sentiment in the global stock markets pressured Bursa Malaysia to open easier on Monday, and the market is expected to trade in cautious mode...

‘Don’t blame police if findings aren’t favourable’: Bukit Aman refutes actor Betty Banafe’s claims of ignoring 14 reportsAt 9.16 am, the FTSE Bursa Malaysia KLCI erased 8.57 points to 1,644.55 from last Friday’s close of 1,653.12. — Picture by Hari Anggara.KUALA LUMPUR, Sept 9 — Bearish sentiment in the global stock markets pressured Bursa Malaysia to open easier on Monday, and the market is expected to trade in cautious mode throughout the day, a dealer said.

“Traders are expected to be in cautious mode, digesting the impact on the stock markets, and in addition to that, the Malaysian Anti-Corruption Commission’s probe on YTL Communications Sdn Bhd over the RM4.07 billion 1BestariNet service tender further dampened sentiments locally,” he told Bernama. YTL Power International emerged as biggest loser in the heavyweights, losing 10 sen to RM3.42, while YTL Corporation dropped three sen to RM2.46.

On the index board, the FBM Emas Index lost 68.39 points to 12,207.67, the FBM Emas Shariah Index trimmed 73.80 points to 12,003.45 and the FBMT 100 Index was down 66.03 points to 12,919.18.

 

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