Bursa Malaysia ends lower on weaker regional market performance | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

KUALA LUMPUR, March 2 — Shares on Bursa Malaysia were mostly down in line with the weaker regional market performance and overnight sell-down on Wall Street, a dealer said. However, the FBM KLCI rebounded on late buying interest, mainly driven by plantation, and industrial product and services...

KUALA LUMPUR, March 2 — Shares on Bursa Malaysia were mostly down in line with the weaker regional market performance and overnight sell-down on Wall Street, a dealer said.

The index, which opened 4.69 points better at 1,601.13, moved between 1,592.62 and 1,606.38 throughout the trading session. “Investors are also concerned about aggressive US Federal Reserve interest rate hikes in the next few months due to the worsening geopolitical conflict,” he told Bernama. “We reckon that oil and gas stocks to remain a short-term play due to the higher crude oil prices and anticipate the FBM KLCI to hover within the 1,590-1,610 range for the remainder of the week,” he said.

On the index board, FBM ACE dipped 118.46 points to 5,753.89, FBM 70 gained 54.88 points to 13,465.14, FBM Emas Index rose 1.62 points to 11,372.47, FBMT 100 Index decreased 0.74 of-a-point to 11,048.74, and FBM Emas Shariah Index widened 49.08 points to 12,140.57.

 

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

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines