Bursa Malaysia gains modest 1.33 points on opening as US stocks recover from Monday’s rout

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Bursa Malaysia Opening News

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KUALA LUMPUR, Aug 7 — Bursa Malaysia’s barometer index opened higher for the second consecutive day, driven by Wall Street’s recovery following broad-based buying after a...

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At 9.05am, the FTSE Bursa Malaysia KLCI appreciated 1.33 points or 0.84 per cent to 1,575.72 from yesterday’s close of 1,574.39. The index had initially opened 1.73 points higher at 1,576.12. At the same time, he said confidence is fragile due to concerns over China’s growth and the lack of easing catalysts.

For today, he expects trading to remain cautious, with the index hovering within the 1,570-1,580 range. Active counters saw mixed results. Cape EMS shed three sen to 37.5 sen, CN Asia slid one sen to 6.5 sen, while MQ Technology and Ekovest were unchanged at one sen and 37.5 sen, respectively. Top Glove firmed 1.5 sen to 93 sen.

 

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