Defensive stocks attractive amid cautious sentiment

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Investors expected to focus on utilities, high-dividend stocks, says analyst.

KUALA LUMPUR: Bursa Malaysia opened marginally lower on Tuesday, in line with the weaker sentiment in regional bourses as investors remain cautious ahead of key economic data in the US and China later this week.

“Nevertheless, the downside risk should be limited on our local front with the focus on the upcoming Budget 2024,” the brokerage said in a note today. At 9.15am, the FTSE Bursa Malaysia KLCI fell 0.27 points to 1,443.18 from yesterday’s close of 1,443.45. The index opened 0.66 of a point easier at 1,442.79.

Of the actives, Parkson increased 1.5 sen to 34 sen, Tanco was 0.5 sen higher at 55 sen while Metronic and Borneo Oil were flat at 1.5 sen each.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines